Montana § 35-14-1326 Procedure If Shareholder Dissatisfied With Payment Or Offer

Montana Statutes

§ 35-14-1326 — Procedure If Shareholder Dissatisfied With Payment Or Offer

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 13 Appraisal Rights

35-14-1326 . Procedure if shareholder dissatisfied with payment or offer.

(1)A shareholder paid pursuant to 35-14-1324 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 35-14-1324 , plus interest. A shareholder offered payment under 35-14-1325 who is dissatisfied with that offer may reject the offer and demand payment of the shareholder's stated estimate of the fair value of the shares, plus interest.

(2)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 (1) within 30 days after receiving the cor

Free access — add to your briefcase to read the full text and ask questions with AI

35-14-1326 . Procedure if shareholder dissatisfied with payment or offer. (1) A shareholder paid pursuant to 35-14-1324 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 35-14-1324 , plus interest. A shareholder offered payment under 35-14-1325 who is dissatisfied with that offer may reject the offer and demand payment of the shareholder's stated estimate of the fair value of the shares, plus interest.
(2) 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 (1) within 30 days after receiving the corporation's payment or offer of payment under 35-14-1324 or 35-14-1325 , respectively, waives the right to demand payment under this section and is entitled only to the payment made or offered pursuant to those respective sections.

Montana § 35-14-1326 (Procedure If Shareholder Dissatisfied With Payment Or Offer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.