351.900. Shareholder to demand payment and deposit certificates. - Missouri Statutes

Shareholder to demand payment and deposit certificates.

351.900. 1. A shareholder sent a dissenters' noticedescribed in section 351.895 shall demand payment, certifywhether he acquired beneficial ownership of the shares beforethe date required to be set forth in the dissenters' noticepursuant to section 351.895, and deposit his certificates inaccordance with the terms of the notice.

2. The shareholder who demands payment and deposits hisshare certificates under this section retains all other rightsof a shareholder until these rights are canceled or modified bythe taking of the proposed corporate action.

3. A shareholder who does not demand payment or deposit hisshare certificates where required, each by the date set in thedissenters' notice, is not entitled to payment for his sharesunder sections 351.870 to 351.930.

(L. 1990 H.B. 1432)