Effect of an exchange

7-90-204.3. Effect of an exchange. When an exchange takes effect, the owner's interests of each acquired entity are exchanged as provided in the plan, and the former holders of the owner's interests are entitled only to the exchange rights provided in the statement of owner's interest exchange or to their rights under the organic statutes. Source: L. 2019: Entire section added with relocations, (SB 19-086), ch. 166, p. 1918, � 14, effective July 1, 2020. L. 2022: Entire section amended, (HB 22-1250), ch. 80, p. 397, � 5, effective August 10. Editor's note: This section is similar to former � 7-111-106 (2) as it existed prior to July 1, 2020.