§ 6016
47 words·~1 min read·
/ca/corporations-code/6016A 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 members (Section 5034) or other persons entitled to approve the merger at any time before the merger is effective.