Guam § 281305 - Notice of Intent to Demand Payment.

§ 281305. Notice of Intent to Demand Payment.

(a) If proposed corporate action requiring appraisal rights under §

281302 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

such class or series in favor of the proposed action.

(b) A shareholder who does not satisfy the requirements of subsection

(a) is not entitled to payment under this Article.