Definitions

For the purposes of this subchapter, the term: (1) “Acquired corporation” means the domestic or foreign corporation whose shares are acquired in a share exchange. (2) “Acquiring corporation” means the domestic or foreign corporation that acquires shares in a share exchange. (3) “Merger” means a business combination pursuant to § 29-309.02. (4) “Party to a merger” or “party to a share exchange” means any domestic or foreign corporation that will: (A) Merge under a plan of merger; (B) Acquire shares of another corporation or an eligible entity in a share exchange; or (C) Have all of its shares or all of one or more classes or series of its shares acquired in a share exchange. (5) “Share exchange” means a business combination pursuant to § 29-309.03. (6) “Survivor” in a merger means the corporation into which one or more other corporations are merged. A survivor of a merger may preexist the merger or be created by the merger.