Title 18 — Business Structure and Function
60 chapters · 1,419 sections in this title.
18 GCA § 9101 Merger
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(a) One (1) or more corporations may merge into another corporation if the board of directors of each corporation adopts and its stockholders, if so required by § 9103 of this Chapter, approve a plan of merger. (b) The Plan of Merger must set forth: (1) The name of each corporati…
18 GCA § 9102 Share Exchange
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(a) A corporation may acquire all of the outstanding shares of one (1) COL070307 or more classes or series of another corporation if the board of directors of each corporation adopts and its stockholders, if required by § 9103 of this Chapter, approve the plan of share exchange. …
18 GCA § 9102.1 Articles of Merger Fee
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The fee for filing Articles of Merger of Share Exchange and a Certificate of Ownership shall be One Hundred Dollars ($100.00). SOURCE: Added by P.L. 29-002:V:I:60 (May 18, 2007).
18 GCA § 9103 Action on Plan
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(a) After adopting a Plan of Merger or Share Exchange, the board of directors of a corporation whose shares will be acquired in a share exchange shall submit the Plan of the Merger (except as provided in Subsection (g) of this Section) or Share Exchange for approval by its stockh…
18 GCA § 9104 Merger of Subsidiary
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(a) A parent corporation owning at least ninety percent (90%) of the outstanding shares of each class of a subsidiary corporation may merge the subsidiary into itself, or itself into the subsidiary, without approval of the stockholders of either constituent corporation if the con…
18 GCA § 9105 Articles of Merger or Share Exchange
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(a) After a plan of merger or share exchange is approved by the stockholders, or adopted by the board of directors if stockholder approval is not required, the surviving or acquiring corporation shall deliver to the Director for filing Articles of Merger or Share Exchange setting…
18 GCA § 9106 Effect of Merger or Share Exchange
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(a) When a merger takes effect: (1) Every other corporation that is a party to the merger merges into the surviving corporation and the separate existence of every corporation except the surviving corporation ceases; (2) The title to all real estate and other property owned by ea…
18 GCA § 9107 Merger or Share Exchange with Foreign Corporation
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(a) One (1) or more foreign corporations may merge or enter into a share exchange with one (1) or more domestic corporations if: (1) In a merger, the merger is permitted by the law of the state or country under whose law each foreign corporation is incorporated and each foreign c…