Effect of share exchange

When a share exchange takes effect, the shares of each acquired corporation are exchanged as provided in the plan and the former holders of the shares are entitled only to: (1) The exchange rights provided in the articles of share exchange; or (2) The rights of the former holders of the shares under § 4-27-1301 et seq. Acts 2009, No. 408, § 4. When a share exchange takes effect, the shares of each acquired corporation are exchanged as provided in the plan and the former holders of the shares are entitled only to: (1) The exchange rights provided in the articles of share exchange; or (2) The rights of the former holders of the shares under § 4-27-1301 et seq. Acts 2009, No. 408, § 4.