Payment

(a)Except as provided in § 3408 of this Article, as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who complied with §3404 the amount the corporation estimates to be the fair value of his shares, plus interest, in cash.

(b)The payment must be accompanied by:

(1)The corporation's balance sheet as of the end of a fiscal year ending not more than sixteen

(16)months before the date of payment, an income statement for that year, a statement of changes in stockholders’ equity for that year and the latest available interim financial statements, if any;

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

(3)An explanation of how the interest was calculated;

(4)A statement of the dissenter's right to demand payment under § 3409; and

(5)A copy of §§ 3301 through 3502 of this Chapter.