Section 450.1706 - Merger with domestic or foreign corporation; execution of certificate by incorporators; compliance.
BUSINESS CORPORATION ACT (EXCERPT)
Act 284 of 1972
450.1706 Merger with domestic or foreign corporation; execution of certificate by incorporators; compliance.
Sec. 706.
(1) A domestic corporation that has not commenced business, has not issued any shares, and has not elected a board may merge with any domestic or foreign corporation by unanimous consent of its incorporators.
(2) In order to effect the merger, the majority of incorporators shall execute a certificate of merger in accordance with section 707.
(3) The other domestic or foreign corporations participating in the merger shall comply with the provisions of this act dealing with mergers that are applicable to them.
History: Add. 1982, Act 407, Eff. Jan. 1, 1983 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989 ;-- Am. 1997, Act 118, Imd. Eff. Oct. 24, 1997