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Arizona Arizona Revised Statutes

§ 10-1326 — Failure to take action

ARS § 10-1326Title 10. Corporations and Associations · Ch. 13. DISSENTERS' RIGHTS · Art. 2. Procedure for Exercise of Dissenters' Rights

Statute text

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10-1326. Failure to take action A. If the corporation does not take the proposed action within sixty days after the date set for demanding payment and depositing share certificates, the corporation shall return the deposited certificates and release the transfer restrictions imposed on uncertificated shares. B. If after returning deposited certificates and releasing transfer restrictions, the corporation takes the proposed action, it shall send a new dissenters' notice under section 10-1322 and shall repeat the payment demand procedure.

Source: Arizona Arizona Revised Statutes § 10-1326 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.