Requirements for sale, lease, exchange, or other disposition of assets

Sec. 6. Any sale, lease, exchange, or other disposition of all or substantially all of the assets of a benefit corporation is not effective unless one (1) or more of the following apply: (1) The transaction is in the usual and regular course of business. (2) The transaction is approved by at least a minimum status vote. As added by P.L.93-2015, SEC.3.