§ 43-38-806. Duty to Demand Payment
A member sent a dissenter’s notice described in § 43-38-805 must demand payment and certify whether the member acquired the membership interest before the date required to be set forth in the dissenter’s notice pursuant to § 43-38-805(b)(2). The member who demands payment under subsection (a) retains all other rights of a member until these […]
§ 43-38-801. Part Definitions
As used in this part, unless the context otherwise requires: “Cooperative” means a cooperative whose members have obtained rights to dissent under § 43-38-802(a), and includes any successor by merger; “Dissenter” means a member who is entitled to dissent from cooperative action under § 43-38-802(a) and who exercises that right when and in the manner […]
§ 43-38-802. Actions Entitling Member to Dissent
A member of a cooperative is entitled to dissent from and obtain payment of the fair value, as determined under § 43-38-807, of the member’s membership interests in the event of any of the following cooperative actions: Consummation of a plan or merger to which the cooperative is a party; Consummation of a sale, lease, […]