PART 2. PROCEDURE FOR EXERCISE OF APPRAISAL RIGHTS.
§31D-13-1320. Notice of appraisal rights.
(a) If proposed corporate action described in subsection (a),
section one thousand three hundred two of this article 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 article. If the corporation concludes that appraisal rights
are or may be available, a copy of this article must accompany the
meeting notice sent to those record shareholders entitled to
exercise appraisal rights.
(b) In a merger pursuant to section one thousand one hundred
five, article eleven of this chapter, 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. The notice must be sent within ten days after
the corporate action became effective and include the materials
described in section one thousand three hundred twenty-two of this