Section 8006. Provisions as to certain proceedings  


Latest version.
  • 1. The superintendent
      shall not file a certificate of amendment reviving the  existence  of  a
      corporation  unless  the  consent  of  the  state  tax commission to the
      revival  is  delivered  to  the  superintendent.  If  the  name  of  the
      corporation  being revived is not available under section three thousand
      one for use by a corporation then being formed under this  chapter,  the
      certificate of amendment shall change the name to one which is available
      for such use.
        2.  The  following  provisions  shall  apply to amendments and changes
      under this title:
        (a) Any changes that may be made in the relative  rights,  preferences
      and limitations of the authorized shares of any class by any certificate
      of amendment which does not eliminate such shares from authorized shares
      or  change  them into shares of another class, shall not for the purpose
      of any statute or rule of law effect an issue of a new class of shares.
        (b) No amendment or change shall affect any existing cause  of  action
      in  favor of or against the corporation, or any pending suit to which it
      shall be  a  party,  or  the  existing  rights  of  persons  other  than
      stockholders;  and  in the event the corporate name shall be changed, no
      suit brought by or against the corporation under its former  name  shall
      abate for that reason.
        (c) A holder of any adversely affected shares who does not vote for or
      consent in writing to the taking of such action shall, subject to and by
      complying  with  the provisions of section six thousand twenty-two, have
      the right to dissent and to receive payment  for  such  shares,  if  the
      certificate  of amendment (1) alters or abolishes any preferential right
      of any outstanding shares having preferences; or (2) creates, alters  or
      abolishes  any  provision  or  right in respect of the redemption of any
      outstanding shares; or (3) alters or abolishes any preemptive  right  of
      such  holder  to  acquire shares or other securities; or (4) excludes or
      limits the right of such holder to vote on any matter,  except  as  such
      right may be limited by the voting rights given to new shares then being
      authorized of any existing or new class.