47-33-8. Control share acquisition--Voting rights.
80 words·~1 min read·
/sd/title-47/chapter-47-33/47-33-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless the corporation's articles expressly provide, before the control share acquisition, that §§ 47-33-8 to 47-33-16 , inclusive, do not apply to control share acquisitions of shares of the corporation, the shares of a domestic public corporation acquired by an acquiring person in a control share acquisition that exceed the threshold of voting power of any of the ranges specified in subdivision 47-33-9(4) shall have only the voting rights as shall be accorded to them pursuant to § 47-33-12 .