§31D-13-1326. Procedure if shareholder dissatisfied with payment
or offer.
(a) A shareholder paid pursuant to section one thousand three
hundred twenty-four of this article 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 and less any payment
due under section one thousand three hundred twenty-four of this
article. A shareholder offered payment under section one thousand
three hundred twenty-five of this article 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.
(b) 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
(a) of this section within thirty days after receiving the
corporation's payment or offer of payment under sections one
thousand three hundred twenty-four or one thousand three hundred
twenty-five of this article, 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.