1. (1) The certificates representing the stock are surrendered to it, indorsed in blank, and in proper form for transfer; or
2. (2) Satisfactory evidence of the loss or destruction of the certificates and sufficient indemnity bond are furnished.

The successor is not required to pay for the stock of an objecting stockholder or to pay a judgment rendered against it in a proceeding for an appraisal unless, simultaneously with payment:

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.

Formerly Art. 23, § 73.