(f) If the corporation shall own immediately prior to the merger ninety per cent or more but less than all of the outstanding certificates of participation or shares of the association or trust, each holder of certificates of participation or shares of the association or trust (but no holder of stock of the corporation) who objects to such merger may demand payment for his certificates of participation or shares from the corporation and an appraisal thereof. If the association or trust shall own immediately prior to the merger ninety per cent or more but less than all of the outstanding shares of each class of stock of the corporation, each holder of stock of the corporation (but no holder of certificates of participation or shares of the association or trust) who objects to such merger may demand payment for his stock from the corporation and an appraisal thereof. In each such case within ten days after the effective date of the merger the corporation shall send written notice by registered or certified mail, to each holder of certificates of participation or shares of the association or trust (if the corporation is the parent) or of stock of the corporation (if the association or trust is the parent), at his last known address as it appears in the records of such association, trust or corporation, stating: 1. The date upon which articles of merger were filed and the effective date of the merger.2. The terms and conditions of the merger.3. The right of any stockholder of the corporation or holder of certificates of participation or shares in the association or trust, as the case may be, who objects to the merger to demand in writing from the corporation within twenty days after the mailing of such notice payment for his stock, certificates of participation, or shares and an appraisal thereof.If any such holder shall demand in writing from the corporation within twenty days after the mailing of such notice payment for his stock, certificates of participation, or shares and an appraisal thereof, such holder and the corporation shall thereafter have the rights and duties and follow the procedures set forth in sections eighty-nine to ninety-eight inclusive.