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(a) If proposed corporate action requiring appraisal rights under section one thousand three hundred two of this article is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:
(1) Must deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment if the proposed action is effectuated; and
(2) Must not vote, or cause or permit to be voted, any shares of the class or series in favor of the proposed action.
(b) A shareholder who does not satisfy the requirements of subsection (a) of this section is not entitled to payment under this article.
Cite this article: FindLaw.com - West Virginia Code Chapter 31D. West Virginia Business Corporation Act § 31D-13-1321. Notice of intent to demand payment - last updated January 01, 2020 | https://codes.findlaw.com/wv/chapter-31d-west-virginia-business-corporation-act/wv-code-sect-31d-13-1321/
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