Idaho § 30-29-1326 PROCEDURE IF SHAREHOLDER DISSATISFIED WITH PAYMENT OR OFFER

Idaho Statutes

§ 30-29-1326 — PROCEDURE IF SHAREHOLDER DISSATISFIED WITH PAYMENT OR OFFER

Idaho·Title 30 CORPORATIONS·Part 13 APPRAISAL RIGHTS·Ch. 29 GENERAL BUSINESS CORPORATIONS

(a)A shareholder paid pursuant to section 30-29-1324, Idaho Code, who is dissatisfied with the amount of the payment shall notify the corporation in writing of that shareholder’s estimate of the fair value of the shares and demand payment of that estimate, less any payment under section 30-29-1324, Idaho Code, plus interest. A shareholder offered payment under section 30-29-1325, Idaho Code, who is dissatisfied with that offer shall reject the offer and demand payment of the shareholder’s stated estimate of the fair value of the shares plus interest.

(b)A shareholder who fails to notify the corporation in writing of that shareholder’s demand to be paid the shareholder’s stated estimate of the fair value plus interest under subsection (a) of this section within thirty (30) days after rece

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(a) A shareholder paid pursuant to section 30-29-1324, Idaho Code, who is dissatisfied with the amount of the payment shall notify the corporation in writing of that shareholder’s estimate of the fair value of the shares and demand payment of that estimate, less any payment under section 30-29-1324, Idaho Code, plus interest. A shareholder offered payment under section 30-29-1325, Idaho Code, who is dissatisfied with that offer shall reject the offer and demand payment of the shareholder’s stated estimate of the fair value of the shares plus interest.
(b) A shareholder who fails to notify the corporation in writing of that shareholder’s demand to be paid the shareholder’s stated estimate of the fair value plus interest under subsection (a) of this section within thirty (30) days after receiving the corporation’s payment or offer of payment under section 30-29-1324 or 30-29-1325, Idaho Code, respectively, waives the right to demand payment under this section and shall be entitled only to the payment made or offered pursuant to those respective sections.

Idaho § 30-29-1326 (PROCEDURE IF SHAREHOLDER DISSATISFIED WITH PAYMENT OR OFFER) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.