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.