{"data":{"id":"us-ky/krs-271b.13-260","jurisdiction":"us-ky","citation":"KRS 271B.13-260","heading":"Failure to take action.","body":"(1) If the corporation does not take the proposed action within sixty (60) days after the\ndate set for demanding payment and depositing share certificates, the corporation\nshall return the deposited certificates and release the transfer restrictions imposed\non uncertificated shares.\n(2) If after returning deposited certificates and releasing transfer restrictions, the\ncorporation takes the proposed action, it shall send a new dissenters' notice under\nKRS 271B.13-220 and repeat the payment demand procedure.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13442","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:19Z","sha256":"55a63464ce3f7cdf3631b9ba4fb249dbf1180ea8883eef1af68a9474d94143a0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.13-250","next":"us-ky/krs-271b.13-270"},"notice":"GroundRules: Original legal text. Not legal advice."}