§ 1111
68 words·~1 min read·
/ca/corporations-code/1111A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any disappearing corporation in a merger is a close corporation and the surviving corporation is not a close corporation, the merger shall be approved by the affirmative vote of at least two-thirds of each class of the outstanding shares of such disappearing corporation; provided, however, that the articles may provide for a lesser vote, but not less than a majority of the outstanding shares of each class.