Section 10.15.310. Abandonment of sale or other disposition.

Latest version.

After authorization by votes of members and shareholders, the board may abandon the sale, lease, exchange or other disposition of all or substantially all assets subject to the rights of third parties under a contract relating thereto, without further action or approval by members or shareholders.

Notes

History

(Sec. 35(3) ch 107 SLA 1959)

                    
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