Arkansas § 4-28-303 Domestic corporations - Consolidation pursuant to plan

Arkansas Statutes

§ 4-28-303 — Domestic corporations - Consolidation pursuant to plan

(a)Any two (2) or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this subchapter.

(b)Each corporation shall adopt a plan of consolidation setting forth:

(1)The names of the corporations proposing to consolidate;

(2)The name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;

(3)The terms and conditions of the proposed consolidation;

(4)With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under the Arkansas Nonprofit Corporation Act, § 4-28-201 et seq.; and (5) Any other provisions with respect to the proposed consolidation as are deemed necessa

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(a) Any two (2) or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this subchapter. (b) Each corporation shall adopt a plan of consolidation setting forth: (1) The names of the corporations proposing to consolidate; (2) The name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation; (3) The terms and conditions of the proposed consolidation; (4) With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under the Arkansas Nonprofit Corporation Act, § 4-28-201 et seq.; and (5) Any other provisions with respect to the proposed consolidation as are deemed necessary or desirable.

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