Section 3201.

Latest version.

If any disappearing corporation in a merger is a flexible purpose corporation and the surviving entity is not a flexible purpose corporation, or is a flexible purpose corporation the articles of incorporation of which set forth materially different purposes, the merger shall be approved by an affirmative vote of at least two-thirds of the outstanding shares of each class, or a greater vote if required in the articles, regardless of whether that class is entitled to vote thereon by the provisions of the articles, of the disappearing flexible purpose corporation.

(Added by Stats. 2011, Ch. 740, Sec. 12. Effective January 1, 2012.)

                    
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