Full text of Utah Utah Code § 10a-1322 — Dissenters' notice., with citation guidance and answers to common questions.
§ 10a-1322. Dissenters' notice.
16-10a-1322.
Dissenters' notice.
(1)
If proposed corporate action creating dissenters' rights under Section 16-10a-1302 is authorized, the corporation shall give a written dissenters' notice to all shareholders who are entitled to demand payment for their shares under this part.
(2)
The dissenters' notice required by Subsection (1) shall be sent no later than 10 days after the effective date of the corporate action creating dissenters' rights under Section 16-10a-1302, and shall:
(a)
state that the corporate action was authorized and the effective date or proposed effective date of the corporate action;
(b)
state an address at which the corporation will receive payment demands and an address at which certificates for certificated shares shall be deposited;
(c)
inform holders of uncertificated shares to what extent transfer of the shares will be restricted after the payment demand is received;
(d)
supply a form for demanding payment, which form requests a dissenter to state an address to which payment is to be made;
(e)
set a date by which the corporation must receive the payment demand and by which certificates for certificated shares must be deposited at the address indicated in the dissenters' notice, which dates may not be fewer than 30 nor more than 70 days after the date the dissenters' notice required by Subsection (1) is given;
(f)
state the requirement contemplated by Subsection 16-10a-1303(3), if the requirement is imposed; and
Section 10a-1322 ("Dissenters' notice.") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 10a-1322?
A common citation format is "Utah Code § 10a-1322" (Utah). 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 Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 10a-1322 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
