79-11-319 - Plan of merger of corporations.
§ 79-11-319. Plan of merger of corporations.
(1) One or more nonprofit corporations may merge into a business or nonprofit corporation, if the plan of merger is approved as provided in Section 79-11-321.
(2) The plan of merger must set forth:
(a) The name of each corporation planning to merge and the name of the surviving corporation into which each plans to merge; and
(b) The terms and conditions of the planned merger.
(3) The plan of merger may set forth:
(a) Any amendments to the articles of incorporation or bylaws of the surviving corporation to be effected by the planned merger; and
(b) Other provisions relating to the planned merger.
Sources: Laws, 1987, ch. 485, § 110, eff from and after January 1, 1988.