Hawaii Revised Statutes 414-352 – Notice of intent to demand payment

(a) If proposed corporate action creating dissenters’ rights under § 414-342 is submitted to a vote at a shareholders’ meeting, a shareholder who wishes to assert dissenters’ rights:

Terms Used In Hawaii Revised Statutes 414-352

Deliver: includes mail. See Hawaii Revised Statutes 414-3
Shareholder: means the record shareholder or the beneficial shareholder. See Hawaii Revised Statutes 414-341
Shares: means the units into which the proprietary interests in a corporation are divided. See Hawaii Revised Statutes 414-3

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

(2) Must not vote the shareholder’s shares in favor of the proposed action.

(b) A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment for the shareholder’s shares under this part.

PROCEDURE FOR EXERCISE OF DISSENTERS' RIGHTS Contents

LawServer

Hawaii Revised Statutes 414-352 – Notice of intent to demand payment

Terms Used In Hawaii Revised Statutes 414-352

Law Offices of David W. Barlow

941 Law Help