§414-352 - Notice of intent to demand payment. - Hawaii Statutes

     [§414-352]  Notice of intent to demand payment.  (a)  If proposed corporate action creating dissenters' rights under section 414-342 is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert dissenters' rights:

     (1)  Must deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment for the shareholder's shares if the proposed action is effectuated; and

     (2)  Must not vote the shareholder's shares in favor of the proposed action.

     (b)  A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment for the shareholder's shares under this part. [L 2000, c 244, pt of §1]