§ 4-601. Consolidation, merger, share exchange, or transfer of assets

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A consolidation, merger, share exchange, or transfer of assets of a close corporation shall be made in accordance with the provisions of Title 3 of this article. However, approval of a proposed consolidation or merger, a transfer of its assets, or an acquisition of its stock in a share exchange requires the affirmative vote of every stockholder of the corporation.

HISTORY: An. Code 1957, art. 23, § 110; 1975, ch. 311, § 2; 1976, ch. 567, § 2.

                    
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