(1) One or more domestic nonprofit corporations may merge with one or more foreign entities if:
The merger is permitted by section 7-90-203 (2);
(Deleted by amendment, L. 2007, p. 252, § 59, effective May 29, 2007.)
The foreign entity complies with section 7-90-203.7, if it is the surviving entity of themerger; and
Each domestic nonprofit corporation complies with the applicable provisions of sections 7-131-101 and 7-131-102 and, if it is the surviving nonprofit corporation of the merger, with section 7-131-103.
Upon the merger taking effect, the surviving foreign entity of a merger shall complywith section 7-90-204.5.
and (4) (Deleted by amendment, L. 2006, p. 882, § 82, effective July 1, 2006.)
Source: L. 97: Entire article added, p. 716, § 3, effective July 1, 1998. L. 2003: (1)(a) and (2) amended, p. 2346, § 320, effective July 1, 2004. L. 2006: (2) to (4) amended, p. 882, § 82, effective July 1. L. 2007: IP(1), (1)(a) to (1)(c), and (2) amended, p. 252, § 59, effective May 29.