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Section 11.01 - Definitions

MA Gen L ch 156d § 11.01 (2019) (N/A)
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Section 11.01. DEFINITIONS

As used in this PART:

''Interests'', includes any form of membership in a domestic or foreign nonprofit corporation.

''Merger'', a business combination pursuant to section 11.02.

''Other entity'', includes a domestic or foreign nonprofit corporation.

''Party to a merger'' or ''party to a share exchange'', any domestic or foreign corporation or other entity that will either:

(1) merger under a plan of merger;

(2) acquire shares or interests of another corporation or an other entity in a share exchange; or

(3) have all of its shares or interests or all of one or more classes or series of its shares or interests acquired in a share exchange.

''Share exchange'', a business combination pursuant to section 11.03.

''Survivor'', in a merger, the corporation or other entity into which one or more other corporations or other entities are merged. A survivor of a merger may preexist the merger or be created by the merger.

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Section 11.02 - Merger