Wyoming § 17-16-1325 After-acquired shares

Wyoming Statutes

§ 17-16-1325 — After-acquired shares

Wyoming § 17-16-1325

Title 17Corporations, Partnerships and Associations

Ch. 16WYOMING BUSINESS CORPORATION ACT

Art. 13APPRAISAL RIGHTS

This text of Wyoming § 17-16-1325 (After-acquired shares) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-16-1325 (2026).

Text

(a)A corporation may elect to withhold payment required by W.S. 17-16-1324 from any shareholder who was required to, but did not certify that beneficial ownership of all of the shareholder's shares for which appraisal rights are asserted was acquired before the date set forth in the appraisal notice sent pursuant to W.S. 17-16-1322(b)(i).

(b)If the corporation elected to withhold payment under subsection (a) of this section, it shall, within thirty (30) days after the form required by W.S. 17-16-1322(b)(ii)(B) is due, notify all shareholders described in subsection (a) of this section:

(i)Of the information required by W.S. 17-16-1324(b)(i);

(ii)Of the corporation's estimate of fair value pursuant to W.S. 17-16-1324(b)(ii);

(iii)That they may accept the corporation's estimate of fair

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(a) A corporation may elect to withhold payment required
by W.S. 17-16-1324 from any shareholder who was required to, but
did not certify that beneficial ownership of all of the
shareholder's shares for which appraisal rights are asserted was
acquired before the date set forth in the appraisal notice sent
pursuant to W.S. 17-16-1322(b)(i).
(b) If the corporation elected to withhold payment under
subsection (a) of this section, it shall, within thirty (30)
days after the form required by W.S. 17-16-1322(b)(ii)(B) is
due, notify all shareholders described in subsection (a) of this
section:
(i) Of the information required by W.S.
17-16-1324(b)(i);
(ii) Of the corporation's estimate of fair value
pursuant to W.S. 17-16-1324(b)(ii);
(iii) That they may accept the corporation's estimate
of fair value, plus interest, in full satisfaction of their
demands or demand appraisal under W.S. 17-16-1326;
(iv) That those shareholders who wish to accept the
offer shall so notify the corporation of their acceptance of the
corporation's offer within thirty (30) days after receiving the
offer; and
(v) That those shareholders who do not satisfy the
requirements for demanding appraisal under W.S. 17-16-1326 shall
be deemed to have accepted the corporation's offer.
(c) Within ten (10) days after receiving the shareholder's
acceptance pursuant to subsection (b) of this section, the
corporation shall pay in cash or other agreed upon consideration
the amount it offered under paragraph (b)(ii) of this section to
each shareholder who agreed to accept the corporation's offer in
full satisfaction of the shareholder's demand.
(d) Within one hundred thirty (130) days after sending the
notice described in subsection (b) of this section, the
corporation shall pay in cash the amount it offered to pay under
paragraph (b)(ii) of this section to each shareholder described
in paragraph (b)(v) of this section.