Application to Domestic Corporations

This Act shall apply except as provided in § 281703

(b)to all corporations incorporated on or after the effective date of this Act. This Act shall not apply to any corporation incorporated prior to the effective date of this Act, except that it shall apply:

(a)to any corporation incorporated after the enactment of this Act into law and prior to its effective date, if the articles of incorporation of such corporation state that this Act shall apply to such corporation;

(b)to any other corporation if its articles of incorporation are amended, in accordance with the provisions of its articles of incorporation, bylaws, and law applicable to such corporation, without regard to this Act, to provide that this Act shall apply to such corporation;

(c)to any corporation incorporated prior to the effective date of this Act and of limited duration, which extends its duration upon such extension; and

(d)to any corporation which engages as acquiring or surviving corporation in a share exchange or merger under this Act with a corporation subject to this Act.