Procedure for merger

A. Any two or more domestic corporations may merge into one corporation pursuant to a plan of merger approved in the manner provided in the Nonprofit Corporation Act. B. Each corporation shall adopt a plan of merger setting forth: (1) the names of the corporations proposing to merge, and the name of the corporation into which they propose to merge, which is hereinafter designated as the surviving corporation; (2) the terms and conditions of the proposed merger; (3) a statement of any changes in the articles of incorporation of the surviving corporation to be effected by the merger; and (4) such other provisions with respect to the proposed merger as are deemed necessary or desirable. History: 1953 Comp., § 51-14-82, enacted by Laws 1975, ch. 217, § 40.