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

Colorado Statutes

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

Colorado § 7-113-202

Title 07Corporations

Art.Appraisal Rights

This text of Colorado § 7-113-202 (Notice of intent to demand payment) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-113-202 (2026).

Text

(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.

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.