Guam § 3403 - Dissenters’ Notice.

§ 3403. Dissenters’ Notice.

(a) If proposed corporate action creating dissenters' rights under § 3302

of this Chapter is authorized at a stockholders' meeting, the corporation

shall deliver a written dissenters’ notice to all stockholders who satisfied the

requirements of § 3402 of this Article.

(b) The dissenters’ notice must be sent no later than ten (10) days after

the corporate action was taken, and must:

(l) State where the payment demand must be sent and where and

when certificates for certificated shares must be deposited;

(2) Inform holders of uncertificated shares to what extent transfer

of the shares will be restricted after the payment demand is received;

(3) Supply a form for demanding payment that includes the date

of the first announcement to news media or to stockholders of the

terms of the proposed corporate action and requires that the person

asserting dissenters’ rights certify whether or not he acquired

beneficial ownership of the shares before that date;

(4) Set a date by which the corporation must receive the payment

demand, which date may not be fewer than thirty (30) nor more than

sixty (60) days after the date the Subsection (a) notice is delivered; and

(5) Be accompanied by a copy of §§ 330l through 3502 of this

Chapter.