§ 55-13-22. Dissenters' notice. - North Carolina Statutes

§ 55‑13‑22. Dissenters' notice.

(a)        If proposedcorporate action creating dissenters' rights under G.S. 55‑13‑02 isapproved at a shareholders' meeting, the corporation shall mail by registeredor certified mail, return receipt requested, a written dissenters' notice toall shareholders who satisfied the requirements of G.S. 55‑13‑21.

(b)        The dissenters'notice must be sent no later than 10 days after shareholder approval, or if noshareholder approval is required, after the approval of the board of directors,of the corporate action creating dissenters' rights under G.S. 55‑13‑02,and must:

(1)        State where thepayment demand must be sent and where and when certificates for certificatedshares must be deposited;

(2)        Inform holders ofuncertificated shares to what extent transfer of the shares will be restrictedafter the payment demand is received;

(3)        Supply a form fordemanding payment;

(4)        Set a date by whichthe corporation must receive the payment demand, which date may not be fewerthan 30 nor more than 60 days after the date the subsection (a) notice ismailed; and

(5)        Be accompanied by acopy of this Article. (1925, c. 77, s. 1; 1943, c. 270; G.S., s. 55‑167; 1955, c. 1371,s. 1; 1969, c. 751, s. 39; 1973, c. 469, ss. 36, 37; 1989, c. 265, s. 1; 1997‑485,s. 4; 2001‑387, s. 27; 2002‑58, s. 3.)