Section 156D:13.21 - Notice of intent to demand payment(a) If proposed corporate action requiring appraisal rights under section 13.02 is submitted to vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares: (1) shall deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment if the proposed action is effectuated; and(2) shall not vote, or cause or permit to be voted, any shares of such class or series in favor of the proposed action.(b) A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment under this chapter. Mass. Gen. Laws ch. 156D, § 13.21
Added by Acts 2003, c. 127, § 17, eff. 7/1/2004.