The provisions of chapter 302A, other than sections 302A.471, 302A.473, 302A.671, 302A.673, 302A.675, and 302A.701 to 302A.791, apply to corporations formed for any of the purposes specified in section 47.12, except:

1. (1) that section 302A.215, subdivisions 2 and 3, only apply if the corporation's certificate of incorporation provides cumulative voting; and

2. (2) to the extent those provisions are inconsistent with any of the provisions of this chapter and chapters 46 to 50.

   * NOTE: This section, as added by Laws 2005, chapter 69, *article 1, section 2, is effective August 1, 2006. Laws 2005, *chapter 69, article 4, section 2.