TITLE 30

CORPORATIONS

CHAPTER 22

ENTITY TRANSACTIONS

PART 2

MERGER

30-22-201.  MERGER AUTHORIZED. (a) Except as otherwise provided in this section, by complying with this part:

(1)  One (1) or more domestic entities may merge with one (1) or more domestic or foreign entities into a domestic or foreign surviving entity; and

(2)  Two (2) or more foreign entities may merge into a domestic entity.

(b)  Except as otherwise provided in this section, by complying with the provisions of this part applicable to foreign entities, a foreign entity may be a party to a merger under this part or may be the surviving entity in such a merger if the merger is authorized by the law of the foreign entity’s jurisdiction of formation.

History:

[30-22-201, added 2015, ch. 243, sec. 18, p. 790.]