Amendment to Bylaws of Food Technology Service, Inc. Regarding Control Share Acquisitions
Food Technology Service, Inc. amended its bylaws, as approved by its Board of Directors on August 28, 2012, to opt out of the Florida Control Share Act. This means the company is not subject to the restrictions and requirements of Section 607.0902 concerning control-share acquisitions. As a result, any acquisition of the company's equity securities will not be governed by those specific provisions, and shareholders retain all other rights under Florida law.
Exhibit 2(b)
AMENDMENT TO BYLAWS OF
FOOD TECHNOLOGY SERVICE, INC
This Amendment to the Bylaws of Food Technology Service, Inc. (the “Company”) was approved by the Board of Directors of the Company on August 28, 2012.
ARTICLE XV
Control Share Acquisition
Pursuant to the provisions of Section ###-###-####(5) of the Control Share Act, the corporation hereby elects not to be governed by the requirements or other provisions regarding control-share acquisitions described in Section ###-###-#### of the Act. Therefore, the terms and provisions of Section ###-###-#### shall not apply with respect to any control-share acquisition of any equity securities of the corporation and the equity securities of the corporation shall have any and all other rights and privilege available under the Act.
