2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1326 - PROCEDURE IF SHAREHOLDER DISSATISFIED WITH PAYMENT OR OFFER.

        490.1326  PROCEDURE IF SHAREHOLDER DISSATISFIED WITH
      PAYMENT OR OFFER.
         1.  A shareholder paid pursuant to section 490.1324 who is
      dissatisfied with the amount of the payment must notify the
      corporation in writing of that shareholder's estimate of the fair
      value of the shares and demand payment of that estimate plus
      interest, less any payment under section 490.1324.  A shareholder
      offered payment under section 490.1325 who is dissatisfied with that
      offer must 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
      thirty days after receiving the corporation's payment or offer of
      payment under section 490.1324 or 490.1325, respectively, waives the
      right to demand payment under this section and shall be entitled only
      to the payment made or offered pursuant to those respective sections.
      

         89 Acts, ch 288, §140; 91 Acts, ch 211, §10; 97 Acts, ch 171, §
      13; 2002 Acts, ch 1154, §87, 125
         Referred to in § 490.1301, 490.1324, 490.1325, 490.1330, 490.1331