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RSA 293-A:13.21 · Notice of Intent to Demand Payment and Consequences of Voting or Consenting

293-A:13.21 Notice of Intent to Demand Payment and Consequences of Voting or Consenting. –

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(a)

If a corporate action specified in RSA 293-A:13.02(a) 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:

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(1)

must 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

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(2)

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

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(b)

If a corporate action specified in RSA 293-A:13.02(a) is to be approved by less than unanimous written consent, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares must not sign a consent in favor of the proposed action with respect to that class or series of shares.

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(c)

A shareholder who fails to satisfy the requirements of RSA 293-A:13.21(a) or (b) is not entitled to payment under this subdivision. Source. 2013, 142:1, eff. Jan. 1, 2014.

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Source note

Source. 2013, 142:1, eff. Jan. 1, 2014.

Source history

  • 2013, 142:1, eff. Jan. 1, 2014

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Bill relationships

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