Definitions

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As used in this chapter:

"Merger" means a business combination pursuant to Section 79-4-11.02.

"Organizational documents" means the basic document or documents that create, or determine the internal governance of, an eligible entity.

"Party to a merger" or "party to a share exchange" means any domestic or foreign corporation or eligible entity that will:

  1. Merge under a plan of merger;
  2. Acquire shares or eligible interests of another corporation or eligible entity in a share exchange; or
  3. Have all of its shares or eligible interests or all of one or more classes or series of its shares or eligible interests acquired in a share exchange.

"Share exchange" means a business combination pursuant to Section 79-4-11.03.

"Survivor" in a merger means the corporation or eligible entity into which one or more other corporations or eligible entities are merged. A survivor of a merger may preexist the merger or be created by the merger.


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