Examples of GBCC in a sentence
Dissenters’ Rights Holders of CBB common stock who comply with Article 13 of the GBCC are entitled to exercise their dissenters’ rights and receive a cash payment equal to the “fair value” of the shares of CBB common stock owned by such shareholder, as determined by a Georgia court, in lieu of the right to receive the merger consideration, if the merger is consummated.
Except as otherwise provided under the GBCC, the CBB board of directors shall have the power to alter, amend, or repeal CBB’s bylaws or adopt new bylaws.
A copy of Article 13 of the GBCC is attached as Annex B to this proxy statement/ prospectus.
Following the Company Merger Effective Time, the separate existence of Company Merger Sub shall cease and the Company shall continue its existence under the GBCC as the surviving company in the Company Merger (the “Company Surviving Subsidiary”) and a wholly owned Subsidiary of Pubco.
The CBB Articles may be amended in accordance with the GBCC, which generally requires the approval of the CBB board of directors and the holders of a majority of the votes entitled to be cast on the amendment.