Utah § 10a-1328 - Procedure for shareholder dissatisfied with payment or offer.

Full text of Utah Utah Code § 10a-1328 — Procedure for shareholder dissatisfied with payment or offer., with citation guidance and answers to common questions.

§ 10a-1328. Procedure for shareholder dissatisfied with payment or offer.

Effective 5/7/2025
16-10a-1328.  Procedure for shareholder dissatisfied with payment or offer.
(1)A dissenter who has not accepted an offer made by a corporation under Section 16-10a-1327 may notify the corporation in writing of the dissenter's own estimate of the fair value of the dissenter's shares and demand payment of the estimated amount, plus interest, less any payment made under Section 16-10a-1325, if:
(a)the dissenter believes that the amount paid under Section 16-10a-1325 or offered under Section 16-10a-1327 is less than the fair value of the shares;
(b)the corporation fails to make payment under Section 16-10a-1325 within 60 days after the date set by the corporation as the date by which it must receive the payment demand; or
(c)the corporation, having failed to take the proposed corporate action creating dissenters' rights, does not return the deposited certificates or release the transfer restrictions imposed on uncertificated shares as required by Section 16-10a-1326.
(2)A dissenter waives the right to demand payment under this section unless the dissenter causes the corporation to receive the notice required by Subsection (1) within 30 days after the corporation made or offered payment for the dissenter's shares.


Amended by Chapter 302, 2025 General Session

Source: official Utah text · Last verified 2026-08-27

Related Utah Legal Topics

Frequently Asked Questions About Utah § 10a-1328

What does Utah Code § 10a-1328 cover?

Section 10a-1328 ("Procedure for shareholder dissatisfied with payment or offer.") 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-1328?

A common citation format is "Utah Code § 10a-1328" (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-1328 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.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.