Merger with foreign entity.

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(1) One or more domestic corporations may merge with one or more foreign entities if:

  1. The merger is permitted by section 7-90-203 (2);

  2. The foreign entity complies with section 7-90-203.7 if it is the surviving entity of themerger; and

  3. Each domestic corporation complies with the applicable provisions of sections 7111-101 to 7-111-104 and, if it is the surviving corporation of the merger, with section 7-90203.7.

(2) Upon the merger taking effect, the surviving foreign entity of a merger shall comply with section 7-90-204.5.

Source: L. 2007: Entire section added, p. 247, § 48, effective May 29. L. 2019: (1)(c) amended, (SB 19-086), ch. 166, p. 1946, § 54, effective July 1, 2020.


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