13-C §1331. Court action

§1331. Court action 1.  Commence proceeding.  If a shareholder makes demand for payment under section 1327 that remains unsettled, a corporation shall commence a proceeding within 60 days after receiving the payment demand and petition the court to determine the fair value of the shares and accrued interest. If the corporation does not commence the […]

13-C §1332. Court costs and counsel fees

§1332. Court costs and counsel fees 1.  Court costs.  The court in an appraisal proceeding commenced under section 1331 shall determine all court costs of the proceeding, including the reasonable compensation and expenses of appraisers appointed by the court. The court shall assess the court costs against a corporation, except that the court may assess […]