47-1A-1107.1. Rights of shares of domestic corporation exchanged.
69 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1107-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When a share exchange becomes effective, the shares of each domestic corporation that are to be exchanged for shares or other securities, interests, obligations, rights to acquire shares or other securities, cash, other property, or any combination of the foregoing, are entitled only to the rights provided to them in the plan of share exchange or to any rights they may have under §§ 47-1A-1301 to 47-1A-1331.2 , inclusive.