43. It preserves preemptive rights that existed for shares that were issued and outstanding on June 30, 2003;

44. It clarifies that a notice of a special meeting and notice of death or incapacity of a shareholder must be delivered to the clerk, not the secretary;

45. It clarifies that an inspector may be the clerk or an officer or employee of a corporation;

46. It clarifies that the articles of incorporation may provide for a quorum greater or less than a majority and sets a minimum quorum of not less than 1/3 of the shares of a voting group entitled to vote on a matter;

47. It clarifies that shareholder agreements are valid for an unlimited term unless otherwise stated in the agreement;

48. It clarifies the effect of a director's failure to object to defective notice;

49. It clarifies that authorization process is discretionary with the board of directors or the shareholders, as the case may be;

50. It clarifies which persons whose knowledge of a conflict of interest is taken into account for determination of certain voting matters;

51. It provides that a plan of domestication may be made dependent upon extrinsic facts;

52. It adds language relative to the consent of shareholders for the plan of domestication, for the plan of nonprofit conversion and for the plan of entity conversion;

53. It provides that a plan of nonprofit conversion may be made dependent upon extrinsic facts;

54. It clarifies the voting requirements for a class or series of shares on a plan of nonprofit conversion;

55. It adds language to require that when a domestic business corporation converts to a foreign nonprofit corporation, it must provide an address to which the Secretary of State may