490.1320 - NOTICE OF APPRAISAL RIGHTS.
490.1320 NOTICE OF APPRAISAL RIGHTS. 1. If proposed corporate action described in section 490.1302, subsection 1, is to be submitted to a vote at a shareholders' meeting, the meeting notice must state that the corporation has concluded that the shareholders are, are not, or may be entitled to assert appraisal rights under this part. If the corporation concludes that appraisal rights are or may be available, a copy of this part must accompany the meeting notice sent to those record shareholders entitled to exercise appraisal rights. 2. In a merger pursuant to section 490.1105, the parent corporation must notify in writing all record shareholders of the subsidiary who are entitled to assert appraisal rights that the corporate action became effective. Such notice must be sent within ten days after the corporate action became effective and include the materials described in section 490.1322.
Section History: Recent Form 89 Acts, ch 288, §134; 2002 Acts, ch 1154, §81, 125 Referred to in § 490.704, 490.1330, 490.1331