47-33-8. Control share acquisition--Voting rights.
Unless the corporation's articles expressly provide, before the control share acquisition, that §§47-33-8 to 47-33-16, inclusive, do not apply to control share acquisitions of shares of the corporation, the shares of a domestic public corporation acquired by an acquiring person in a control share acquisition that exceed the threshold of voting power of any of the ranges specified in subdivision 47-33-9(4) shall have only the voting rights as shall be accorded to them pursuant to §47-33-12.
Source: SL 1990, ch 369, §201.