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us-gu · Through P.L. 38-133 (June 4, 2026)

18 GCA § 3404: Duty to Demand Payment.

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Where this section sits in the code
  1. Title 18: Business Structure and Function
  2. Division 1 - Business Structure
  3. Part 1 - The Corporate Law
  4. Chapter 3: Corporate Stock
  5. ARTICLE 4: PROCEDURE FOR EXERCISE OF DISSENTERS' RIGHTS

(a) A stockholder sent a dissenters' notice described in § 3403 of this Article must demand payment, certify whether he acquired beneficial ownership of the shares before the date required to be set forth in the dissenters' notice pursuant to § 3403 (b) (3), and deposit his certificates in accordance with the terms of the notice.

(b) The stockholder who demands payment and deposits his shares under Subsection (a) of this Section retains all other rights of a stockholder until their rights are canceled or modified by the taking of the proposed corporate action.

(c) A stockholder who does not demand payment or deposit his share certificates where required, each by the date set in the dissenters' notice, 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

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