KRS 271B.13-230: Duty to demand payment.

(1) A shareholder who is sent a dissenters' notice described in KRS 271B.13 -220 shall

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

subsection (2)(c ) of KRS 271B.13 -220, and deposit his certificates in accordance

with the terms of the notice.

(2) The shareholder who demands payment and deposits his share certificates under

subsection (1) of this section shall retain all other rights of a shareholder u ntil these

rights are canceled or modified by the taking of the proposed corporate action.

(3) A shareholder who does not demand payment or deposit his share certificates where

required, each by the date set in the dissenters' notice, shall not be entitled to

payment for his shares under this subtitle.