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Re: eyeownu post# 12205

Thursday, 02/02/2012 10:30:51 PM

Thursday, February 02, 2012 10:30:51 PM

Post# of 31613
Generally, transactions "outside the ordinary course of business" of a corporation require Board approval. And certainly selling all or a substantial portion of the assets of the corporation, or a merger or other transaction that would result in a "change of control" of the corporation (a term that has an accepted legal definition), would require stockholder approval.

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