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Idaho Statutes Title 30. Corporations § 30-22-103. Relationship of chapter to other laws

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) This chapter does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this chapter.

(b) A transaction effected under this chapter may not create or impair any right or obligation on the part of a person under the statutory law of this state relating to a change in control, takeover, business combination, control-share acquisition, or similar transaction involving a domestic merging, acquired, converting, or domesticating business corporation unless:

(1) If the corporation does not survive the transaction, the transaction satisfies any requirements of the law; or

(2) 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, duty or obligation directly under the law.

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Cite this article: FindLaw.com - Idaho Statutes Title 30. Corporations § 30-22-103. Relationship of chapter to other laws - last updated January 01, 2024 | https://codes.findlaw.com/id/title-30-corporations/id-st-sect-30-22-103/

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