47-1A-1202.4. Abandonment of disposition.
46 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1202-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
After a disposition has been approved by the shareholders under § 47-1A-1202.1 , and at any time before the disposition has been consummated, it may be abandoned by the corporation without action by the shareholders, subject to any contractual rights of other parties to the disposition.