The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
PROCEDURE FOR EXERCISE OF DISSENTERS' RIGHTS
(Cite as: 11A V.S.A. § 13.26)
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§ 13.26. Failure to take action
(a) If the corporation does not take the proposed action within 60 days after the date
set for demanding payment and depositing share certificates, the corporation shall
return the deposited certificates and release the transfer restrictions imposed on
uncertificated shares.
(b) If after returning deposited certificates and releasing transfer restrictions, the
corporation takes the proposed action, it must send a new dissenters’ notice under
section 13.22 of this title and repeat the payment demand procedure. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)