N.D. Cent. Code § 10-33-86

Current through the 2023 Legislative Sessions

Section 10-33-86 - Plan of merger or consolidation

A plan of merger or consolidation must contain:

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.

N.D.C.C. § 10-33-86