TITLE 4: ECONOMIC RESOURCES
DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
§ 4576. Payment. (a) Except as provided in 4 CMC § 4578, 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 4 CMC § 4574 the amount the corporation estimates to be the fair value of his shares, plus interest. (b) The payment must be accompanied by: (1) The corporation’s balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, a statement of changes in shareholders’ equity for that year and the latest available interim financial statements, if any; (2) A statement of the corporation’s estimate of the fair value of the shares; (3) An explanation of how the interest was calculated; (4) A statement of the dissenter’s right to demand payment under 4 CMC § 4579; and (5) A copy of this chapter. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 13.25).