§ 7-12.1-1102. Relationship of article to other laws. [Effective January 1, 2023.]
(a) This article does not authorize an act prohibited by, and does not affect the application or requirements of, any law other than this article.
(b) A transaction effected under this chapter may not create or impair a right, duty, or obligation 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.
History of Section.P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-12.1 - Uniform Partnership Act [Effective January 1, 2023.]
Article 11 - Merger, Interest Exchange, Conversion, and Domestication [Effective January 1, 2023.]
Part 1 - General Provisions [Effective January 1, 2023.]
Section 7-12.1-1101. - Definitions. [Effective January 1, 2023.]
Section 7-12.1-1102. - Relationship of article to other laws. [Effective January 1, 2023.]
Section 7-12.1-1103. - Required notice or approval. [Effective January 1, 2023.]
Section 7-12.1-1104. - Nonexclusivity. [Effective January 1, 2023.]
Section 7-12.1-1105. - Reference to external facts. [Effective January 1, 2023.]
Section 7-12.1-1106. - Appraisal rights. [Effective January 1, 2023.]