West Virginia § 31D-13-1321 Notice of intent to demand payment

West Virginia Statutes

§ 31D-13-1321 — Notice of intent to demand payment

West Virginia·Ch. 31D WEST VIRGINIA BUSINESS CORPORATION ACT·Art. 13 APPRAISAL RIGHTS

(a)If proposed corporate action requiring appraisal rights under section one thousand three hundred two of this article is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:

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

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

(b)A shareholder who does not satisfy the requirements of subsection (a) of this section is not entitled to payment under this article.

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(a) If proposed corporate action requiring appraisal rights under section one thousand three hundred two of this article is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:

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

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

(b) A shareholder who does not satisfy the requirements of subsection (a) of this section is not entitled to payment under this article.

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