{"data":{"id":"us-gu/18-gca-3407","jurisdiction":"us-gu","citation":"18 GCA § 3407","heading":"Failure to Take Action.","body":"(a) 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.\n(b) If, after returning deposited certificates and releasing transfer restrictions, the corporation takes the proposed action, it must send a new dissenters’ notice under § 3403 of this Article and repeat the payment demand procedure.","path":["Title 18: Business Structure and Function","Division 1 - Business Structure","Part 1 - The Corporate Law","Chapter 3: Corporate Stock","ARTICLE 4: PROCEDURE FOR EXERCISE OF DISSENTERS' RIGHTS"],"source_url":"https://col.guamcourts.gov/sites/default/files/18gc003.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:52:18Z","sha256":"6234f308c6b911c10367cfbff646d3bf4f1bb8c8835456392346c0f651cd10f3","source_id":"us-gu","stale":false,"prev":"us-gu/18-gca-3406","next":"us-gu/18-gca-3408"},"notice":"GroundRules: Original legal text. Not legal advice."}