4 chapters · 79 sections in this title.
A.S.C.A. § 30.0192 Dissenters’ notice
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(a) If proposed corporate action creating dissenters’ rights under section 30.0181 is authorized at a shareholders meeting, the corporation shall deliver a written dissenters’ notice to all shareholders who satisfied the requirements of section 30.0191. (b) The dissenters’ notice…
A.S.C.A. § 30.0193 Duty to demand payment
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(a) A shareholder sent a dissenters’ notice described in section 30.0192 must demand payment, certify whether he acquired beneficial ownership of the shares before the date required to be set forth in the dissenters’ notice pursuant to section 30.0192(b)(3), and deposit his certi…
A.S.C.A. § 30.0194 Share restrictions
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(a) The corporation may restrict the transfer of uncertificated shares from the date the demand for their payment is received until the proposed corporate action is taken or the restrictions released under section 30.0196. (b) The person for whom dissenters’ rights are asserted a…
A.S.C.A. § 30.0195 Payment
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(a) Except as provided in section 30.0197, as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who complied with section 30.0193 the amount the corporation estimates to be the fair value of his shares, p…