48-231-202 - Notice of dissenters' rights.
48-231-202. Notice of dissenters' rights.
(a) If proposed LLC action creating dissenters' rights under § 48-231-201 is submitted to a vote at a members' meeting, the meeting notice must state that members are or may be entitled to assert dissenters' rights under this chapter and be accompanied by a copy of this chapter.
(b) If LLC action creating dissenters' rights under § 48-231-201 is taken without a vote of the members, the LLC shall notify in writing all members entitled to assert dissenters' rights that the action was taken and send them the dissenters' notice described in § 48-231-204.
(c) An LLC's failure to give notice pursuant to this section will not invalidate the LLC action.
[Acts 1994, ch. 868, § 1.]