Guam § 281304 - Notice of Appraisal Rights.

§ 281304. Notice of Appraisal Rights.

(a) If proposed corporate action described in § 281302 (a) 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 § 281105, 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. Such notice

must be sent within ten days after the corporate action became effective and

include the materials described in § 281306.