§ 47-1a-1325-1

47-1A-1325.1. Notice required upon withholding of payment for after-acquired shares.If the corporation elected to withhold payment under §47-1A-1325, the corporation must, within thirty days after the form required by subsection 47-1A-1322.1(2)(b) is due, notify all shareholders who are described in §47-1A-1325:(1)Of the information required by subdivision 47-1A-1324(1);(2)Of the corporation's estimate of fair value pursuant to subdivision 47-1A-1324(2);(3)That they may accept the corporation's estimate of fair value, plus interest, in full satisfaction of their demands or demand appraisal under §47-1A-1326;(4)That those shareholders who wish to accept such offer must so notify the corporation of their acceptance of the corporation's offer within thirty days after receiving the offer; and(5)That those shareholders who do not satisfy the requirements for demanding appraisal under §47-1A-1326 shall be deemed to have accepted the corporation's offer. Source: SL 2005, ch 239, §296.