35-14-1326. Procedure if shareholder dissatisfied with payment or offer. (1) A shareholder paid pursuant to 35-14-1324 who is dissatisfied with the amount of the payment shall notify the corporation in writing of that shareholder's estimate of the fair value of the shares and demand payment of that estimate, less any payment under 35-14-1324, plus interest. A shareholder offered payment under 35-14-1325 who is dissatisfied with that offer may reject the offer and demand payment of the shareholder's stated estimate of the fair value of the shares, plus interest.
(2) A shareholder who fails to notify the corporation in writing of that shareholder's demand to be paid the shareholder's stated estimate of the fair value plus interest under subsection (1) within 30 days after receiving the corporation's payment or offer of payment under 35-14-1324 or 35-14-1325, respectively, waives the right to demand payment under this section and is entitled only to the payment made or offered pursuant to those respective sections.
History: En. Sec. 180, Ch. 271, L. 2019.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 14. Montana Business Corporation Act
35-14-1301. Definitions -- appraisal rights
35-14-1302. Right to appraisal
35-14-1303. Assertion of rights -- nominees -- beneficial shareholders
35-14-1304. through 35-14-1319 reserved
35-14-1320. Notice of appraisal rights
35-14-1321. Notice of intent to demand payment -- consequences of voting or consenting
35-14-1322. Appraisal notice and form
35-14-1323. Perfection of rights -- right to withdraw
35-14-1325. After-acquired shares
35-14-1326. Procedure if shareholder dissatisfied with payment or offer
35-14-1327. through 35-14-1329 reserved
35-14-1330. Judicial appraisal of shares -- court action
35-14-1331. Court costs -- expenses