§ 13.24. Share restrictions
(a) The corporation may restrict the transfer of uncertificated shares from the date the demand for their payment is received until the proposed corporate action is taken or the restrictions released under section 13.26 of this title.
(b) The person for whom dissenters’ rights are asserted as to uncertificated shares retains all other rights of a shareholder until these rights are cancelled or modified by the taking of the proposed corporate action. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)
Structure Vermont Statutes
Title 11A - Vermont Business Corporations
Chapter 13 - Dissenters' Rights
§ 13.03. Dissent by nominees and beneficial owners
§ 13.20. Notice of dissenters’ rights
§ 13.21. Notice of intent to demand payment
§ 13.23. Duty to demand payment
§ 13.26. Failure to take action
§ 13.27. After-acquired shares
§ 13.28. Procedure if shareholder dissatisfied with payment or offer