Notice of Intent to Demand Payment

18 GCA § 3402, under Corporate Stock.

18 GCA § 3402

(a) If proposed corporate action creating dissenters' rights under § 3302 of this Chapter is submitted to a vote at a stockholders' meeting, a stockholder who wishes to assert dissenters' rights: (l) Must deliver to the corporation before the vote is taken written notice of his intent to demand payment for his shares if the proposed action is effectuated; and

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(2) Must not vote his shares in favor of the proposed action. (b) A stockholder who does not satisfy the requirements of Subsection (a) of this Section is not entitled to payment for his shares under Articles 3 and 4 of this Chapter.