18 GCA § 3402: Notice of Intent to Demand Payment.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 1 - The Corporate Law
- Chapter 3: Corporate Stock
- ARTICLE 4: PROCEDURE FOR EXERCISE OF DISSENTERS' RIGHTS
(a) If proposed corporate action creating dissenters' rights under § 3302 of this Chapter is submitted to a vote at a stockholders' meeting, a stockholder who wishes to assert dissenters' rights:
(l) 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 stockholder who does not satisfy the requirements of Subsection (a) of this Section is not entitled to payment for his shares under Articles 3 and 4 of this Chapter.
Collected 2026-09-27T03:52:18Z. Source file · JSON