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Massachusetts · Through amendments passed before May 31, 2026

Mass. Gen. Laws ch. 156D, § 13.21: Notice of intent to demand payment

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Where this section sits in the code
  1. Part I
  2. Title XXII
  3. Chapter 156D

Section 13.21. NOTICE OF INTENT TO DEMAND PAYMENT

(a) If proposed corporate action requiring appraisal rights under section 13.02 is submitted to vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:

(1) shall deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment if the proposed action is effectuated; and

(2) shall not vote, or cause or permit to be voted, any shares of such class or series in favor of the proposed action.

(b) A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment under this chapter.

Collected 2026-09-17T05:23:41Z. Source file · JSON

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