{"data":{"id":"us-mt/35-14-1321","jurisdiction":"us-mt","citation":"35-14-1321","heading":"Notice of intent to demand payment -- consequences of voting or consenting.","body":"(1) If a corporate action specified in 35-14-1302(1) is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:\n(a) 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 effected; and\n(b) may not vote, or cause or permit to be voted, any shares of that class or series in favor of the proposed action.\n(2) If a corporate action specified in 35-14-1302(1) is to be approved by written consent, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares may not sign a consent in favor of the proposed action with respect to that class or series of shares.\n(3) If a corporate action specified in 35-14-1302(1) does not require shareholder approval pursuant to 35-14-1104(10), a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:\n(a) shall deliver to the corporation before the shares are purchased pursuant to the offer written notice of the shareholder's intent to demand payment if the proposed action is effected; and\n(b) may not tender or cause or permit to be tendered any shares of that class or series in response to the offer.\n(4) A shareholder who fails to satisfy the requirements of subsection (1), (2) or (3) is not entitled to payment under this part.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 14. MONTANA BUSINESS CORPORATION ACT","Part 13. Appraisal Rights"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0140/part_0130/section_0210/0350-0140-0130-0210.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:29Z","sha256":"fa1364dec9f224e5038e211d14de91515cb9febc53dad67f51600c8714142e7d","source_id":"us-mt","stale":false,"prev":"us-mt/35-14-1320","next":"us-mt/35-14-1322"},"notice":"GroundRules: Original legal text. Not legal advice."}