2018 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 2 - Business Corporations
Article 13 - Dissenters' Rights
Part 2 - Procedure for Exercise of Dissenters' Rights
§ 14-2-1321. Notice of intent to demand payment

Universal Citation: GA Code § 14-2-1321 (2018)
  • (a) If proposed corporate action creating dissenters' rights under Code Section 14-2-1302 is submitted to a vote at a shareholders' meeting, a record shareholder who wishes to assert dissenters' rights:

    • (1) Must deliver to the corporation before the vote is taken written notice of his intent to demand payment for his shares if the proposed action is effectuated; and

    • (2) Must not vote his shares in favor of the proposed action.

  • (b) A record shareholder who does not satisfy the requirements of subsection (a) of this Code section is not entitled to payment for his shares under this article.

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