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2018 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Part 13 - APPRAISAL RIGHTS
Section 30-29-1320 - NOTICE OF APPRAISAL RIGHTS.
Universal Citation: ID Code § 30-29-1320 (2018)
30-29-1320. NOTICE OF APPRAISAL RIGHTS. (1) If proposed corporate action described in section 30-29-1302(1), Idaho Code, is to be submitted to a vote at a shareholders’ meeting, the meeting notice must state that the corporation has concluded that shareholders are, are not or may be entitled to assert appraisal rights under this part. If the corporation concludes that appraisal rights are or may be available, a copy of this part must accompany the meeting notice sent to those record shareholders entitled to exercise appraisal rights.
(2) In a merger pursuant to section 30-29-1105, Idaho Code, the parent corporation must notify in writing all record shareholders of the subsidiary who are entitled to assert appraisal rights that the corporate action became effective. Such notice must be sent within ten (10) days after the corporate action became effective and include the materials described in section 30-29-1322, Idaho Code.
History:
[30-29-1320, added 2015, ch. 243, sec. 68, p. 952.]
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