KRS 271B.13-220: Dissenters' notice.

(1) If proposed corporate action creating dissenters' rights under KRS 271B.13 -020 is

authorized at a shareholders' meeting, the corporation shall deliver a written

dissenters' notice to all shareholders who satisfied the requirements of KRS

271B.13-210.

(2) The dissenters' notice shall be sent no later than ten (10) days after the date the

proposed corporate action was authorized by the shareholders, or, if no shareholder

authorization was obtained, by the board of directors, and shall:

(a) State where the pay ment demand must be sent and where and when

certificates for certificated shares must be deposited;

(b) Inform holders of uncertificated shares to what extent transfer of the shares

will be restricted after the payment demand is received;

(c) Supply a form for demanding payment that includes the date of the first

announcement to news media or to shareholders of the terms of the proposed

corporate action and requires that the person asserting dissenters' rights certify

whether or not he acquired beneficial ownership of the shares before that date;

(d) Set a date by which the corporation must receive the payment demand, which

date may not be fewer than thirty (30), nor more than sixty (60) days after the

date the notice provided in subsection (1) of this section is delivered; and

(e) Be accompanied by a copy of this subtitle.