A. Any two or more domestic corporations may merge into one corporation pursuant to a plan of merger approved in the manner provided in the Nonprofit Corporation Act.
B. Each corporation shall adopt a plan of merger setting forth:
(1) the names of the corporations proposing to merge, and the name of the corporation into which they propose to merge, which is hereinafter designated as the surviving corporation;
(2) the terms and conditions of the proposed merger;
(3) a statement of any changes in the articles of incorporation of the surviving corporation to be effected by the merger; and
(4) such other provisions with respect to the proposed merger as are deemed necessary or desirable.
History: 1953 Comp., § 51-14-82, enacted by Laws 1975, ch. 217, § 40.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 19 Am. Jur. 2d Corporations § 2503.
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