§ 5753 Stockholder Merger Approval Rules

• •This law is about rules for when companies merge or transfer their stuff to another company.
• •The rules only apply to people who own shares (like tiny pieces of the company) in the company that’s merging or transferring.
• •If the people who own shares agree in writing, the merger or transfer can happen.

Imagine you own a small piece of a lemonade stand company, and the company wants to join with another bigger lemonade company.

The rules in this law say that the special rules for merging only apply to you and other owners of the lemonade stand. If all the owners write down that they agree, the lemonade stands can merge.