REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) If proposed corporate action creating dissenters' rights under Section 10A-2-13.02 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 article and be accompanied by a copy of this article.
(b) If corporate action creating dissenters' rights under Section 10A-2-13.02 is taken without a vote of shareholders, the corporation shall (1) notify in writing all shareholders entitled to assert dissenters' rights that the action was taken; and (2) send them the dissenters' notice described in Section 10A-2-13.22.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Article 13 - Dissenters' Rights.
Division B - Procedure for Exercise of Dissenters' Rights.
Section 10A-2-13.20 - Notice of Dissenters' Rights.
Section 10A-2-13.21 - Notice of Intent to Demand Payment.
Section 10A-2-13.22 - Dissenters' Notice.
Section 10A-2-13.23 - Duty to Demand Payment.
Section 10A-2-13.24 - Share Restriction.
Section 10A-2-13.25 - Offer of Payment.
Section 10A-2-13.26 - Failure to Take Corporate Action.
Section 10A-2-13.28 - Procedure if Shareholder Dissatisfied With Offer to Payment.