Arizona § 10-1321 Notice of intent to demand payment

Arizona Statutes

§ 10-1321 — Notice of intent to demand payment

Arizona § 10-1321

Title 10Arizona Revised Statutes

Ch. 13DISSENTERS' RIGHTS

Art. 2Procedure for Exercise of Dissenters' Rights

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Bluebook

Ariz. Rev. Stat. Ann. § 10-1321 (2026).

Text

A.If proposed corporate action creating dissenters' rights under section 10-1302 is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert dissenters' rights shall both:

1.Deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment for the shareholder's shares if the proposed action is effectuated.

2.Not vote the shares in favor of the proposed action.

B.A shareholder who does not satisfy the requirements of subsection A of this section is not entitled to payment for the shares under this article.

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A. If proposed corporate action creating dissenters' rights under section 10-1302 is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert dissenters' rights shall both:

1. Deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment for the shareholder's shares if the proposed action is effectuated.

2. Not vote the shares in favor of the proposed action.

B. A shareholder who does not satisfy the requirements of subsection A of this section is not entitled to payment for the shares under this article.