2006 Code of Virginia § 13.1-733 - Notice of intent to demand payment

13.1-733. Notice of intent to demand payment.

A. If proposed corporate action requiring appraisal rights under 13.1-730is submitted to a vote at a shareholders' meeting, a shareholder who wishesto assert appraisal rights with respect to any class or series of shares:

1. Shall deliver to the corporation before the vote is taken written noticeof the shareholder's intent to demand payment if the proposed action iseffectuated; and

2. Shall not vote, or cause or permit to be voted, any shares of such classor series in favor of the proposed action.

B. A shareholder who does not satisfy the requirements of subsection A is notentitled to payment under this article.

(Code 1950, 13-85, 13.1-75, 13.1-78; 1956, c. 428; 1968, c. 733; 1972, c.425; 1975, c. 500; 1984, c. 613; 1985, c. 522; 2005, c. 765.)