605.1001 Relationship of the provisions of this section and ss. 605.1002 - 605.1072 to other laws.
166 words·~1 min read·
/fl/title-xxxvi/chapter-605/605-1001·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The provisions of this section and ss. 605.1002 - 605.1072 do not authorize an act prohibited by, and do not affect the application or requirements of, law other than the provisions of this section and ss. 605.1002 - 605.1072 .
(2)A transaction effected under this section and ss. 605.1002 - 605.1072 may not create or impair a right or obligation on the part of a person under a provision of the law of this state other than this section and ss. 605.1002 - 605.1072 , relating to a change in control, takeover, business combination, control-share acquisition, or similar transaction involving a merging, acquiring, or converting domestic business corporation unless:
(a)If the corporation does not survive the transaction, the transaction satisfies the requirements of the provision; or
(b)If the corporation survives the transaction, the approval of the plan is by a vote of the shareholders or directors which would be sufficient to create or impair the right or obligation directly under the provision.