Official Code of Georgia Annotated
Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 13. DISSENTERS’ RIGHTS · Part 2. PROCEDURE FOR EXERCISE OF DISSENTERS’ RIGHTS
14-2-1322. Dissenters’ notice.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
- (a)
If proposed corporate action creating dissenters’ rights under Code Section 14-2-1302 is authorized at a shareholders’ meeting, the corporation shall deliver a written dissenters’ notice to all shareholders who satisfied the requirements of Code Section 14-2-1321.#
- (b)
The dissenters’ notice must be sent no later than ten days after the corporate action was taken and must:#
- (1)
State where the payment demand must be sent and where and when certificates for certificated shares must be deposited;#
- (2)
Inform holders of uncertificated shares to what extent transfer of the shares will be restricted after the payment demand is received;#
- (3)
Set a date by which the corporation must receive the payment demand, which date may not be fewer than 30 nor more than 60 days after the date the notice required in subsection (a) of this Code section is delivered; and#
- (4)
Be accompanied by a copy of this article.#
History
Code 1981, § 14-2-1322, enacted by Ga. L. 1988, p. 1070, § 1.
Read the official page (the state's PDF, opened at the page this text was read from).
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 464; merge action: carried; file SHA-256 f2fad2b71b39.