221.0708

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221.0708 Notice of dissenters’ rights.

221.0708(1)

(1) Action at shareholder meeting. If proposed corporate action creating dissenters’ rights under § 221.0706 is submitted to a vote at a shareholders’ meeting, the meeting notice shall state that shareholders and beneficial shareholders are or may be entitled to assert dissenters’ rights under §§ 221.0701 to 221.0718 and shall be accompanied by a copy of those sections.

221.0708(2)

(2) Action without shareholder vote. If corporate action creating dissenters’ rights under § 221.0706 is authorized without a vote of shareholders, the bank shall notify, in writing and in accordance with § 221.0103, all shareholders entitled to assert dissenters’ rights that the action was authorized and send them the dissenters’ notice described in § 221.0710.