Sec. 33-841. Approval of business combination.
Sec. 33-841. Approval of business combination. In addition to any vote otherwise required by law or the certificate of incorporation of a corporation, a business
combination shall first be approved by the board of directors and then be approved by
the affirmative vote of at least: (1) The holders of eighty per cent of the voting power
of the outstanding shares of the voting stock of the corporation; and (2) the holders of
two-thirds of the voting power of the outstanding shares of voting stock of the corporation other than voting stock held by the interested shareholder who is, or whose affiliate
or associate is, a party to the business combination or held by an affiliate or associate
of the interested shareholder.
(P.A. 94-186, S. 142, 215.)
History: P.A. 94-186 effective January 1, 1997.