40-508. Same; merger and consolidation defined.
As used in this act:
(a) "Merger" means the union of two (2) or more companies into a single company which is one of the companies so uniting.
(b) "Consolidation" means the joining of two (2) or more companies in a manner so that a single new consolidated company results therefrom.
History: L. 1980, ch. 135, § 1; July 1.