American Samoa § 30.0195 - Payment.
Full text of American Samoa American Samoa Code Annotated § 30.0195 — Payment., with citation guidance and answers to common questions.
§ 30.0195. Payment.
(a) Except as provided in section 30.0197, as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who complied with section 30.0193 the amount the corporation estimates to be the fair value of his shares, plus accrued interest. (b) The payment must be accompanied by: (1) the corporation’s balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, a statement of changes in shareholders’ equity for that year, and the latest available interim financial statement, if any; (2) a statement of the corporation’s estimate of the fair value of the shares; (3) an explanation of how the interest was calculated; (4) a statement of the dissenter’s right to demand payment under section 30.0198; and (5) a copy of this chapter.
Frequently Asked Questions About American Samoa § 30.0195
What does American Samoa Code Annotated § 30.0195 cover?
Section 30.0195 ("Payment.") 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 § 30.0195?
A common citation format is "American Samoa Code Annotated § 30.0195" (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 § 30.0195 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.