New Mexico Statutes 53-8-40. Procedure for merger
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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.
Terms Used In New Mexico Statutes 53-8-40
- 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.
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.