351.890. Written notice of intent to demand payment for shares. - Missouri Statutes

Written notice of intent to demand payment for shares.

351.890. 1. If proposed corporate action creatingdissenters' rights under section 351.875 is submitted to a voteat a shareholders' meeting, a shareholder who wishes to assertdissenters' rights shall deliver to the corporation before thevote is taken written notice of his intent to demand payment forhis shares if the proposed action is effectuated, and shall notvote his shares in favor of the proposed action.

2. A shareholder who does not satisfy the requirements ofsubsection 1 of this section is not entitled to payment for hisshares under sections 351.870 to 351.930.

(L. 1990 H.B. 1432)