2010 Georgia Code 14-2-1321 Case Law
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One Click Case Law for § 14-2-1321
O.C.G.A. § 14-2-1320 <-- --> O.C.G.A. §14-2-1322



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 2 - BUSINESS CORPORATIONS
ARTICLE 13 - DISSENTERS' RIGHTS
PART 2 - PROCEDURE FOR EXERCISE OF DISSENTERS' RIGHTS
§ 14-2-1321 - Notice of intent to demand payment

O.C.G.A. 14-2-1321 (2010)
14-2-1321. Notice of intent to demand payment


(a) If proposed corporate action creating dissenters' rights under Code Section 14-2-1302 is submitted to a vote at a shareholders' meeting, a record shareholder who wishes to assert dissenters' rights:

(1) 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

(2) Must not vote his shares in favor of the proposed action.

(b) A record shareholder who does not satisfy the requirements of subsection (a) of this Code section is not entitled to payment for his shares under this article.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com