Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 7-131-105 - Merger with foreign entity(1) One or more domestic nonprofit corporations may merge with one or more foreign entities if: (a) The merger is permitted by section 7-90-203 (2);(b) (Deleted by amendment, L. 2007, p. 252, § 59, effective May 29, 2007.)(c) The foreign entity complies with section 7-90-203.7, if it is the surviving entity of the merger; and(d) Each domestic nonprofit corporation complies with the applicable provisions of sections 7-131-101 and 7-131-102 and, if it is the surviving nonprofit corporation of the merger, with section 7-131-103.(2) Upon the merger taking effect, the surviving foreign entity of a merger shall comply with section 7-90-204.5.(3) and (4) (Deleted by amendment, L. 2006, p. 882, § 82, effective July 1, 2006.)L. 97: Entire article added, p. 716, § 3, effective 7/1/1998. L. 2003: (1)(a) and (2) amended, p. 2346, § 320, effective 7/1/2004. L. 2006: (2) to (4) amended, p. 882, § 82, effective July 1. L. 2007: IP(1), (1)(a) to (1)(c), and (2) amended, p. 252, § 59, effective May 29.