1.Where any corporate action specified in section 490.1302, subsection 1, is to be
submitted to a vote at a shareholders’ meeting, the meeting notice, or where no approval of
such action is required pursuant to section 490.1104, subsection 10, the offer made pursuant
to that section, must state that the corporation has concluded that appraisal rights are, are
not, or may be available under this subchapter. If the corporation concludes that appraisal
rights are or may be available, a copy of this subchapter must accompany the meeting notice
or offer sent to those record shareholders entitled to exercise appraisal rights.
2.In a merger pursuant to section 490.1105, the parent entity shall notify in writing
all record shareholders of the subsidiary who are entitled to assert appraisal right
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1. Where any corporate action specified in section 490.1302, subsection 1, is to be
submitted to a vote at a shareholders’ meeting, the meeting notice, or where no approval of
such action is required pursuant to section 490.1104, subsection 10, the offer made pursuant
to that section, must state that the corporation has concluded that appraisal rights are, are
not, or may be available under this subchapter. If the corporation concludes that appraisal
rights are or may be available, a copy of this subchapter must accompany the meeting notice
or offer sent to those record shareholders entitled to exercise appraisal rights.
2. In a merger pursuant to section 490.1105, the parent entity shall notify in writing
all record shareholders of the subsidiary who are entitled to assert appraisal rights that
the corporate action became effective. Such notice shall be sent within ten days after the
corporate action became effective and include the materials described in section 490.1322.
3. Where any corporate action specified in section 490.1302, subsection 1, is to be
approved by written consent of the shareholders pursuant to section 490.704, all of the
following apply:
a. Writtennoticethatappraisalrightsare,arenot,ormaybeavailableshallbesenttoeach
record shareholder from whom a consent is solicited at the time consent of such shareholder
is first solicited and, if the corporation has concluded that appraisal rights are or may be
available, the notice must be accompanied by a copy of this subchapter.
b. Written notice that appraisal rights are, are not, or may be available must be delivered
together with the notice to nonconsenting and nonvoting shareholders required by section
490.704, subsections 5 and 6, may include the materials described in section 490.1322, and,
if the corporation has concluded that appraisal rights are or may be available, must be
accompanied by a copy of this subchapter.
4. Where corporate action described in section 490.1302, subsection 1, is proposed, or a
merger pursuant to section 490.1105 is effected, the notice referred to in subsection 1 or 3, if
the corporation concludes that appraisal rights are or may be available, and in subsection 2
must be accompanied by all of the following:
a. Financial statements of the corporation that issued the shares that may be subject to
appraisal, consisting of a balance sheet as of the end of a fiscal year ending not more than
sixteen months before the date of the notice, an income statement for that year, and a cash
flow statement for that year; provided that, if such financial statements are not reasonably
available, the corporation shall provide reasonably equivalent financial information.
b. The latest interim financial statements of such corporation, if any.
5. The right to receive the information described in subsection 4 may be waived in writing
by a shareholder before or after the corporate action.