(a) This part 11 does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this part 11. (b) A transaction effected under this part 11 may not create or impair a right, duty, or obligation of a person under the statutory law of this state 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: (1) If the corporation does not survive the transaction, the transaction satisfies any requirements of the law; or (2) If the corporation survives the transaction, the approval of the plan is by 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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