KRS 271B.13-260: Failure to take action.

(1) If the corporation does not take the proposed action within sixty (60) days after the

date set for demanding payment and depositing share certificates, the corporation

shall return the deposited certificates and release the transfer restrictions imposed

on uncertificated shares.

(2) If after returning deposited certificates and releasing transfer restrictions, the

corporation takes the proposed action, it shall send a new dissenters' notice under

KRS 271B.13-220 and repeat the payment demand procedure.