{"data":{"id":"us-al/ala.-code-10a-2-13.23","jurisdiction":"us-al","citation":"Ala. Code § 10A-2-13.23","heading":"Duty to Demand Payment.","body":"REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.\n(a) A shareholder sent a dissenters’ notice described in Section 10A-2-13.22 must demand payment in accordance with the terms of the dissenters’ notice.\n(b) The shareholder who demands payment retains all other rights of a shareholder until those rights are canceled or modified by the taking of the proposed corporate action.\n(c) A shareholder who does not demand payment by the date set in the dissenters’ notice is not entitled to payment for his or her shares under this article.\n(d) A shareholder who demands payment under subsection (a) may not thereafter withdraw that demand and accept the terms offered under the proposed corporate action unless the corporation shall consent thereto.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 2 Business Corporations.","Article 13 Dissenters’ Rights.","Division B Procedure for Exercise of Dissenters’ Rights."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-2-13.23","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"60f883a17ba29dced8fe8d248196759f939d4df2479caf8c65b19c87f993924e","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-2-13.22","next":"us-al/ala.-code-10a-2-13.24"},"notice":"GroundRules: Original legal text. Not legal advice."}