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2021 Colorado Code
Title 7 - Corporations and Associations
Article 113 - Appraisal Rights
Part 2 - Procedure for Exercise of Appraisal Rights
§ 7-113-207. Procedure if Shareholder Is Dissatisfied With Payment or Offer
Universal Citation: CO Code § 7-113-207 (2021)
- A shareholder that is paid pursuant to section 7-113-205 and 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 made under section 7-113-205. A shareholder that is offered payment under section 7-113-206 and 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.
- A shareholder that 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) of this section within thirty days after receiving the corporation's payment or offer of payment under section 7-113-205 or 7-113-206, 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. Source: L. 2019: Entire article R&RE,(SB 19-086), ch. 166, p. 1957, § 56, effective July 1, 2020.
Editor's note:
This section is similar to former § 7-113-209 as it existed prior to July 1, 2020.
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