Nebraska Statutes 21-2,161. Definitions
(MBCA 11.01) As used in sections 21-2,161 to 21-2,168 :
Terms Used In Nebraska Statutes 21-2,161
- Acquire: when used in connection with a grant of power or property right to any person shall include the purchase, grant, gift, devise, bequest, and obtaining by eminent domain. See Nebraska Statutes 49-801
- 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.
- Domestic: when applied to corporations shall mean all those created by authority of this state. See Nebraska Statutes 49-801
- Foreign: when applied to corporations shall include all those created by authority other than that of this state. See Nebraska Statutes 49-801
(1) Merger means a business combination pursuant to section 21-2,162.
(2) Party to a merger or party to a share exchange means any domestic or foreign corporation or eligible entity that will:
(i) Merge under a plan of merger;
(ii) Acquire shares or eligible interests of another corporation or an eligible entity in a share exchange; or
(iii) Have all of its shares or eligible interests or all of one or more classes or series of its shares or eligible interests acquired in a share exchange.
(3) Share exchange means a business combination pursuant to section 21-2,163.
(4) Survivor in a merger means the corporation or eligible entity into which one or more other corporations or eligible entities are merged. A survivor of a merger may preexist the merger or be created by the merger.