1. This subchapter does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this subchapter. 2. A transaction effected under this subchapter shall not create or impair a right, duty, or obligation of a person under the statutory law of this state other than this subchapter relating to a change in control, takeover, business combination, control-share acquisition, or similar transaction involving a domestic merging, acquired, converting, or domesticating business corporation unless any of the following applies: a. If the corporation does not survive the transaction, the transaction satisfies any requirements of the law. b. Ifthe corporation survives the transaction, the approval of the plan isby a vote of the shareholders or directors which would be sufficient to create or impair the right, duty, or obligation directly under the law.
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