§1322-A. Notice of intent to demand payment
                  1. 
                                Preservation of appraisal rights if action taken at a meeting. 
                                If a proposed corporate action requiring appraisal rights under sections 1302 to 1304 is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:
                                     
                                
                
                  A.
                                        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
                                     
                                [PL 2007, c. 289, §35 (NEW).]
                
                  B.
                                        May not vote, or cause or permit to be voted, any shares of the class or series in favor of the proposed action.
                                     
                                [PL 2007, c. 289, §35 (NEW).]
                [PL 2007, c. 289, §35 (NEW).]
              
                  2. 
                                Preservation of appraisal rights if action taken by consent. 
                                If a corporate action specified in section 1302 is to be approved by less than unanimous written consent, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares may not sign a consent in favor of the proposed action with respect to that class or series of shares.
                                     
                                
                [PL 2011, c. 274, §68 (AMD).]
              
                  3. 
                                Effect of failure to preserve. 
                                A shareholder who fails to satisfy the requirements of subsection 1 or 2 is not entitled to payment under this chapter.
                                     
                                
                [PL 2007, c. 289, §35 (NEW).]
              
                        SECTION HISTORY
                        
            PL 2007, c. 289, §35 (NEW). PL 2011, c. 274, §68 (AMD).