Section 450.2723 - Changes in articles stated in plan of merger; effect; statements in plan of consolidation as original articles of new corporation.
NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
450.2723 Changes in articles stated in plan of merger; effect; statements in plan of consolidation as original articles of new corporation.
Sec. 723.
In a merger, the articles of incorporation of the surviving corporation are deemed to be amended to the extent, if any, that changes in its articles are stated in the plan of merger. In a consolidation, the statements set forth in the plan of consolidation and which are required or permitted to be set forth in the articles of incorporation of a corporation organized under this act are deemed to be the original articles of the new corporation.
History: 1982, Act 162, Eff. Jan. 1, 1983