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                      "label":  ""
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                      "x":  301,
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                      "width":  140,
                      "height":  40,
                      "content":  "Fundamental Changes\nin Structure",
                      "label":  ""
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                      "label":  ""
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                      "content":  "(1) Board adopts a resolution; \n(2) Written notice to shareholders;\n(3) Shareholders approve by majority of votes entitled to be cast; and\n(4) the changes in the form of the Articles of Incorporation are filed with the state.",
                      "label":  ""
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                      "x":  581,
                      "y":  177,
                      "width":  140,
                      "height":  40,
                      "content":  "Merger",
                      "label":  ""
                  },
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                      "id":  6,
                      "x":  527,
                      "y":  353,
                      "width":  140,
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                      "content":  "Sale of Assets",
                      "label":  ""
                  },
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                      "id":  7,
                      "x":  520,
                      "y":  565,
                      "width":  140,
                      "height":  40,
                      "content":  "Amendment of Articles\nCorporation can amend articles. No appraisal right.",
                      "label":  ""
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                      "content":  "Bylaws\nBoard of directors may amend or repeal bylaws\nunless articles exclusively reserve power to shareholders",
                      "label":  ""
                  },
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                      "id":  9,
                      "x":  251,
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                      "label":  ""
                  },
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                      "content":  "General Rule: \nDirectors \u0026 shareholders of both\ncorporations must approve, shareholders by majority of\nshares entitled to vote",
                      "label":  ""
                  },
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                      "id":  11,
                      "x":  909,
                      "y":  234,
                      "width":  140,
                      "height":  40,
                      "content":  "Short form merger\ndoes not require shareholder approval",
                      "label":  ""
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                      "y":  308,
                      "width":  140,
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                      "label":  ""
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                      "id":  13,
                      "x":  726,
                      "y":  367,
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                      "height":  40,
                      "content":  "Director \u0026 Shareholder approval",
                      "label":  ""
                  },
                  {
                      "id":  14,
                      "x":  710,
                      "y":  481,
                      "width":  140,
                      "height":  40,
                      "content":  "De Facto Merger",
                      "label":  ""
                  },
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                      "id":  15,
                      "x":  31,
                      "y":  332,
                      "width":  140,
                      "height":  40,
                      "content":  "Approval Needed\nMajority of directors and majority of shares entitled to\nvote must approve (no quorum concept)\n\n",
                      "label":  ""
                  },
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                      "id":  16,
                      "x":  167,
                      "y":  462,
                      "width":  140,
                      "height":  40,
                      "content":  "Creditor\u0027s Rights\nIf liquidation, pay outside creditors first",
                      "label":  ""
                  },
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                      "id":  17,
                      "x":  1186,
                      "y":  298,
                      "width":  140,
                      "height":  40,
                      "content":  "Rights of dissenting shareholder \nRequirements:\n1. Written objection before meeting\n2. Vote against merger or abstain\n3. File written claim",
                      "label":  ""
                  },
                  {
                      "id":  18,
                      "x":  926,
                      "y":  417,
                      "width":  140,
                      "height":  40,
                      "content":  "If sale, lease or exchange of substantially all corp. assets\nis outside the ordinary course of business, then requires\napproval of majority of directors and majority of shares\nentitled to vote",
                      "label":  ""
                  },
                  {
                      "id":  19,
                      "x":  910,
                      "y":  531,
                      "width":  140,
                      "height":  40,
                      "content":  "If sale of assets is de facto merger, triggers possible\nrescission or appraisal rights \u0026 purchasing corporation may be\nliable for debts \u0026 liabilities",
                      "label":  ""
                  }
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