Maine Revised Statutes Title 13-B Sec. 901 – Procedure for merger
Current as of: 2023 | Check for updates
|
Other versions
1. Domestic corporations may merge. Any 2 or more domestic corporations organized under this Act or under Title 13, chapter 81 may merge into one of such corporations pursuant to a plan of merger approved in the manner provided in this Act.
[PL 2005, c. 531, §2 (AMD).]
Terms Used In Maine Revised Statutes Title 13-B Sec. 901
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
2. Plan of merger. Each corporation shall adopt a plan of merger setting forth:
A. 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; [PL 1977, c. 525, §13 (NEW).]
B. The terms and conditions of the proposed merger; [PL 1977, c. 525, §13 (NEW).]
C. A statement of any changes in the articles of incorporation of the surviving corporation to be effected by such merger; and [PL 1977, c. 525, §13 (NEW).]
D. Such other provisions with respect to the proposed merger as are deemed necessary or desirable. [PL 1977, c. 525, §13 (NEW).]
[PL 1977, c. 525, §13 (NEW).]
SECTION HISTORY
PL 1977, c. 525, §13 (NEW). PL 2005, c. 531, §2 (AMD).