Virginia Code 13.1-893.1: Definitions
Current as of: 2023 | Check for updates
|
Other versions
As used in this article:
Terms Used In Virginia Code 13.1-893.1
- 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.
- Eligible entity: means a domestic or foreign unincorporated entity or a domestic or foreign stock corporation. See Virginia Code 13.1-803
- Entity: includes any domestic or foreign corporation; any domestic or foreign stock corporation; any domestic or foreign unincorporated entity; any estate or trust; and any state, the United States, and any foreign government. See Virginia Code 13.1-803
- Foreign corporation: means a corporation not authorized by law to issue shares, organized under laws other than the laws of the Commonwealth. See Virginia Code 13.1-803
- Merger: means a business combination pursuant to § 13. See Virginia Code 13.1-893.1
“Merger” means a business combination pursuant to § 13.1-894.
“Party to a merger” means any domestic or foreign corporation or eligible entity that will merge under a plan of merger.
“Survivor” in a merger means the domestic or foreign corporation or the eligible entity into which one or more other domestic or foreign corporations or eligible entities are merged. A survivor of a merger may preexist the merger or be created by the merger.