14-2-1301. Definitions.

As used in this article, the term:

‘‘Beneficial shareholder’’ means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.#

‘‘Corporate action’’ means the transaction or other action by the corporation that creates dissenters’ rights under Code Section 14-2-1302.#

‘‘Corporation’’ means the issuer of shares held by a dissenter before the corporate action, or the surviving or acquiring corporation by merger or share exchange of that issuer.#

‘‘Dissenter’’ means a shareholder who is entitled to dissent from corporate action under Code Section 14-2-1302 and who exercises that right when and in the manner required by Code Sections 14-2-1320 through 14-2-1327.#

‘‘Fair value,’’ with respect to a dissenter’s shares, means the value of the shares immediately before the effectuation of the corporate action to which the dissenter objects, excluding any appreciation or depreciation in anticipation of the corporate action.#

‘‘Interest’’ means interest from the effective date of the corporate action until the date of payment, at a rate that is fair and equitable under all the circumstances.#

‘‘Record shareholder’’ means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation.#

‘‘Shareholder’’ means the record shareholder or the beneficial shareholder.#