(1) This chapter does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this chapter.
(2) A transaction effected under this chapter may not create or impair any right or obligation on the part of a person under the statutory law of this state relating to a change in control, takeover, business combination, control-share acquisition, or similar transaction involving a domestic merging, acquired, converting, or domesticating business corporation unless: If the corporation does not survive the transaction, the transaction satisfies any requirements of the law; or
(3) If the corporation survives the transaction, the approval of the plan is by a vote of the shareholders or directors which would be sufficient to create or impair the right, duty or obligation directly under the law.