§ 17-16-1303 — Assertion of rights by nominees and beneficial owners

Wyoming § 17-16-1303

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 13: APPRAISAL RIGHTS

Text

(a) A record shareholder may assert appraisal rights as to
fewer than all the shares registered in the record shareholder's
name but owned by a beneficial shareholder only if the record
shareholder objects with respect to all shares of the class or
series owned by the beneficial shareholder and notifies the
corporation in writing of the name and address of each
beneficial shareholder on whose behalf appraisal rights are
being asserted. The rights of a record shareholder who asserts
appraisal rights for only part of the shares held of record in
the record shareholder's name under this subsection shall be
determined as if the shares as to which the record shareholder
objects and the record shareholder's other shares were
registered in the names of different record shareholders.
(b) A beneficial shareholder may assert appraisal rights
as to shares of any class or series held on behalf of the
shareholder only if the shareholder:
(i) Submits to the corporation the record
shareholder's written consent to the assertion of those rights
not later than the date provided in W.S. 17-16-1322(b)(ii)(B);
and
(ii) Does so with respect to all shares of the class
or series that are beneficially owned by the beneficial
shareholder.
B. Procedure for Exercise of Dissenters' Rights