Definitions.

Checkout our iOS App for a better way to browser and research.

47-1A-1101. Definitions.

Terms used in §§47-1A-1101 to 47-1A-1108, inclusive, mean:

(1)"Merger," a business combination pursuant to §§47-1A-1102 to 47-1A-1102.5, inclusive;

(2)"Party to a merger" or "party to a share exchange," any domestic or foreign corporation or eligible entity that will:

(a)Merge under a plan of merger;

(b)Acquire shares or eligible interests of another corporation or an eligible entity in a share exchange; or

(c)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;

(3)"Share exchange," a business combination pursuant to §§47-1A-1103 to 47-1A-1103.5, inclusive;

(4)"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.

Source: SL 2005, ch 239, §248.


Download our app to see the most-to-date content.