North Dakota Code 10-33-86 – Plan of merger or consolidation
A plan of merger or consolidation must contain:
Terms Used In North Dakota Code 10-33-86
- 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.
1. The names of the corporations proposing to merge or consolidate; 2. The name of the surviving or new corporation; 3. The terms and conditions of the proposed merger or consolidation; 4. In the case of a merger, the manner and basis of converting the memberships of the constituent corporations into memberships of the surviving corporation or of any other corporation; 5. In the case of a merger, a statement of amendments to the articles of the surviving corporation proposed as part of the merger; 6. In the case of a consolidation, the provisions required by section 10-33-06 to be set out in the articles of the new corporation; and
7. Other provisions with respect to the proposed merger or consolidation which are considered necessary or desirable.