Section 351.910

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 351

Effective - 28 Aug 1990   

  351.910.  Payment for fair value of shares. — 1.  Except as provided in section 351.920, immediately following the later of the effective date of the corporate action creating the dissenters' rights, or receipt of a payment demand, the corporation shall pay each dissenter who complied with section 351.900 the amount the corporation estimates to be the fair value of his shares.

  2.  The payment shall be accompanied by:

  (1)  The corporation's balance sheet as of the end of a fiscal year ending not more than sixteen months before the effective date of the corporate action creating the dissenters' rights, an income statement for that year, a statement of changes in shareholders' equity for that year, and the latest available interim financial statements, if any;

  (2)  A statement of the corporations' estimate of the fair value of the shares;

  (3)  A statement of the dissenters' right to demand payment under section 351.925; and

  (4)  A copy of sections 351.870 to 351.930.

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(L. 1990 H.B. 1432)