Duty to Demand Payment

  1. Law
  2. Georgia Code
  3. Corporations, Partnerships, and Associations
  4. Business Corporations
  5. Dissenters' Rights
  6. Procedure for Exercise of Dissenters' Rights
  7. Duty to Demand Payment

Checkout our iOS App for a better way to browser and research.

  1. A record shareholder sent a dissenters' notice described in Code Section 14-2-1322 must demand payment and deposit his certificates in accordance with the terms of the notice.
  2. A record shareholder who demands payment and deposits his shares under subsection (a) of this Code section retains all other rights of a shareholder until these rights are canceled or modified by the taking of the proposed corporate action.
  3. A record shareholder who does not demand payment or deposit his share certificates where required, each by the date set in the dissenters' notice, is not entitled to payment for his shares under this article.

(Code 1981, §14-2-1323, enacted by Ga. L. 1988, p. 1070, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 18A Am. Jur. 2d, Corporations, § 2192.

C.J.S.

- 19 C.J.S., Corporations, § 900 et seq.


Download our app to see the most-to-date content.