§ 1105
40 words·~1 min read·
/ca/corporations-code/1105A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board may, in its discretion, abandon a merger, subject to the contractual rights, if any, of third parties, including other constituent corporations, without further approval by the outstanding shares (Section 152), at any time before the merger is effective.