CHAPTER 152

FORMERLY

SENATE BILL NO. 334

AS AMENDED BY SENATE AMENDMENT NO. 1

AN ACT TO AMEND CHAPTER 1, TITLE 8, DELAWARE CODE, ALSO BEING CHAPTER 25, 63 LAWS OF DELAWARE, RELATING TO THE GENERAL CORPORATION LAW.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each House thereof concurring therein):

Section 1. Amend §262(b)(2) of Title 8, Delaware Code, also being Chapter 25 of Volume 63, Laws of Delaware, by striking the word "each" as the same appears in said paragraph (2) and inserting in lieu thereof the word "cash".

Section 2. Amend §262(b) of Title 8, Delaware Code, also being Chapter 25 of Volume 63, Laws of Delaware, by striking the word "of" as it appears between the word "merger" and the word "consolidation" and inserting in lieu thereof the word "or."

Approved July 14, 1981.