10-2706. Application A. This chapter applies only to issuing public corporations and to corporations which elect pursuant to subsection C of this section to be subject to: 1. All of the provisions of this article. 2. All of the provisions of article 2 of this chapter. 3. All of the provisions of article 3 of this chapter. 4. Any combination of paragraph 1, 2 or 3. B. A corporation may not elect to be subject to less than all of the provisions in any article of this chapter. A corporation which elects to be subject to all or part of this chapter pursuant to subsection C of this section, for purposes of applying the provisions of this chapter or part of this chapter, shall be deemed an issuing public corporation. C. An election by a corporation pursuant to subsection A of this section must be contained either: 1. In its articles of incorporation at the time of incorporation. 2. In an amendment to its articles of incorporation or bylaws which is approved by the shareholders holding a majority of the outstanding voting power of all shares.
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