Colorado § 7-113-202 Notice of intent to demand payment

Colorado Statutes

§ 7-113-202 — Notice of intent to demand payment

Colorado·Title 07 Corporations·Art. Appraisal Rights

(1)If a proposed corporate action specified in section 7-113-102 (1) is submitted to a vote at a shareholders' meeting, a shareholder that wishes to assert appraisal rights with respect to any class or series of shares:

(a)Must deliver to the corporation, before the vote is taken, notice of the shareholder's intent to demand payment if the proposed corporate action is effectuated; and

(b)Must not vote, or cause or permit to be voted, any shares of the class or series in favor of the proposed corporate action.

(2)If a proposed corporate action specified in section 7-113-102 (1) is to be approved by less than unanimous written consent, a shareholder that wishes to assert appraisal rights with respect to any class or series of shares must not execute a consent in favor of the

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(1) If a proposed corporate
action specified in section 7-113-102 (1) is submitted to a vote at a shareholders'
meeting, a shareholder that wishes to assert appraisal rights with respect to any
class or series of shares:

(a) Must deliver to the corporation, before the vote is taken, notice of the
shareholder's intent to demand payment if the proposed corporate action is
effectuated; and

(b) Must not vote, or cause or permit to be voted, any shares of the class or
series in favor of the proposed corporate action.

(2) If a proposed corporate action specified in section 7-113-102 (1) is to be
approved by less than unanimous written consent, a shareholder that wishes to
assert appraisal rights with respect to any class or series of shares must not
execute a consent in favor of the proposed corporate action with respect to that
class or series of shares.

(3) A shareholder that fails to satisfy the requirements of subsection (1) or (2)
of this section is not entitled to demand payment under this article 113.

Colorado § 7-113-202 (Notice of intent to demand payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2019: Entire article R&RE, (SB 19-086), ch. 166, p. 1954, � 56, effective July 1, 2020. L. 2021: (1)(a) amended, (HB 21-1124), ch. 41, p. 171, � 26, effective April 19.