THEODORE R. MCKELDIN, GOVERNOR 325

dividends or distributions with respect to such stock payable
to holders of record after the close of business on the day of
the stockholders' vote on the action to which objection was
made, and shall cease to have any rights of a stockholder of
the corporation with respect to such stock, except the right to
receive payment of the fair value thereof as provided in this
section. No such demand may be withdrawn unless the suc-
cessor consents thereto. The status of such stockholder as a
stockholder shall be restored, without prejudice, however, to
any corporate proceedings which may have been taken during
the interim, and such stockholder shall be entitled to receive
any dividends, distributions or other rights to which he would
have been or would have become entitled had he not demanded
payment for his stock, if (1) the demand for payment has
been withdrawn with consent of the successor, or (2) no peti-
tion for the appointment of appraisers to determine the value
of the stock of such stockholder has been filed within the time
herein provided, or (3) a court of competent jurisdiction de-
termines that such stockholder is not entitled to the relief
provided by this section, or (4) the action, to the taking of
which objection was made, is abandoned and rescinded.

(j) No successor shall be required to make payment for the
stock of any objecting stockholder or to pay a judgment ren-
dered therefor in a proceeding in favor of such a stockholder,
unless, simultaneously, the certificates representing such stock
are surrendered to it, duly indorsed in blank and in proper
form for transfer or satisfactory evidence of the loss or
destruction thereof and sufficient indemnity bond are fur-
nished.

(k) On a sale, lease, exchange or other transfer of all or
substantially all the property and assets of a corporation, and
the acquisition pursuant to this section of shares of stock of
an objecting stockholder in such corporation, the successor
acquiring such shares (1) shall be entitled to have and receive
any dividends or distributions with respect to such shares
payable to holders of record after the close of business on the
day of the stockholders' vote on the action to which objection
was made, and (2) shall from and after the date of acquisition
of such shares be entitled to have and exercise any other rights
of an owner in respect thereof.

(1) On a consolidation or merger, and the acquisition pur-
suant to this section of shares of stock of an objecting stock^:
holder, (1) the successor acquiring such shares shall be en-
titled to have and receive any dividends or distributions with
respect to such shares payable to holders of record after the
close of business on the day of the stockholders' vote on the
action to which objection was made, and (2) the shares of