48-23-201 - Notice of dissenters' rights.
48-23-201. Notice of dissenters' rights.
(a) If proposed corporate action creating dissenters' rights under § 48-23-102 is submitted to a vote at a shareholders' meeting, the meeting notice must state that shareholders are or may be entitled to assert dissenters' rights under this chapter and be accompanied by a copy of this chapter.
(b) If corporate action creating dissenters' rights under § 48-23-102 is taken without a vote of shareholders, the corporation shall notify in writing all shareholders entitled to assert dissenters' rights that the action was taken and send them the dissenters' notice described in § 48-23-203.
(c) A corporation's failure to give notice pursuant to this section will not invalidate the corporate action.
[Acts 1986, ch. 887, § 13.20.]