American Samoa § 30.0198 - Procedure if shareholder dissatisfied with payment or offer.
Full text of American Samoa American Samoa Code Annotated § 30.0198 — Procedure if shareholder dissatisfied with payment or offer., with citation guidance and answers to common questions.
§ 30.0198. Procedure if shareholder dissatisfied with payment or offer.
(a) A dissenter may notify the corporation in writing of his own estimate of the fair value of his shares and amount of interest due, and demand payment of his estimate (less any payment under section 30.0195), or reject the corporation’s offer under section 30.0197 and demand payment of the fair value of his shares and interest due, if: (1) the dissenter believes that the amount paid under section 30.0195 or offered under section 30.0197 is less than the fair value of his shares or that the interest due is incorrectly calculated; (2) the corporation fails to make payment under section 30.0195 within 60 days after the date set for demanding payment; or (3) the corporation, having failed to take the proposed action, does not return the deposited certificates or release the transfer restrictions imposed on uncertificated shares within 60 days after the date set for demanding payment. (b) A dissenter waives his right to demand payment under this section unless he notifies the corporation of his demand in writing under subsection (a) within 30 days after the corporation made or offered payment for his shares.
Source: official American Samoa text · Last verified 2026-08-27
Frequently Asked Questions About American Samoa § 30.0198
What does American Samoa Code Annotated § 30.0198 cover?
Section 30.0198 ("Procedure if shareholder dissatisfied with payment or offer.") is part of the American Samoa Code Annotated, the codified statutory law of American Samoa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite American Samoa § 30.0198?
A common citation format is "American Samoa Code Annotated § 30.0198" (American Samoa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of American Samoa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the American Samoa official source linked on this page or consult a licensed American Samoa attorney.
How does American Samoa § 30.0198 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in American Samoa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in American Samoa.