O.C.G.A. § 14-2-1321: Notice of intent to demand payment.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 2 Business Corporations
- Article 13 Dissenters’ Rights
- PART 2 Procedure for Exercise of Dissenters’ Rights
(a) If proposed corporate action creating dissenters’ rights under Code Section 14-2-1302 is submitted to a vote at a shareholders’ meeting, a record shareholder who wishes to assert dissenters’ rights:
(1) Must deliver to the corporation before the vote is taken written notice of his intent to demand payment for his shares if the proposed action is effectuated; and
(2) Must not vote his shares in favor of the proposed action.
(b) A record shareholder who does not satisfy the requirements of subsection (a) of this Code section is not entitled to payment for his shares under this article.
Collected 2026-09-17T19:34:57Z. Source file · JSON