16-10a-1327 - Special provisions relating to shares acquired after announcement of proposed corporate action. - Utah Statutes

16-10a-1327. Special provisions relating to shares acquired after announcement ofproposed corporate action.
(1) A corporation may, with the dissenters' notice given pursuant to Section 16-10a-1322,state the date of the first announcement to news media or to shareholders of the terms of theproposed corporate action creating dissenters' rights under Section 16-10a-1302 and state that ashareholder who asserts dissenters' rights must certify in writing, in or with the payment demand,whether or not he or the person on whose behalf he asserts dissenters' rights acquired beneficialownership of the shares before that date. With respect to any dissenter who does not certify inwriting, in or with the payment demand that he or the person on whose behalf the dissenters'rights are being asserted, acquired beneficial ownership of the shares before that date, thecorporation may, in lieu of making the payment provided in Section 16-10a-1325, offer to makepayment if the dissenter agrees to accept it in full satisfaction of his demand.
(2) An offer to make payment under Subsection (1) shall include or be accompanied bythe information required by Subsection 16-10a-1325(2).

Enacted by Chapter 277, 1992 General Session