Maine § 13-C §1101 Definitions

Maine Statutes

§ 13-C §1101 — Definitions

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 11 MERGERS AND SHARE EXCHANGES

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1.Eligible entity. "Eligible entity" means a domestic or foreign unincorporated entity or a domestic or foreign nonprofit corporation.

2.Eligible interests. "Eligible interests" means interests and memberships.

3.Merger. "Merger" means a business combination pursuant to section 1102.

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

5.Share exchange. "Share exchange" means a business combination pursuant to section 1103.

6.Survivor. "Survivor" in a merger means the corporation or eligible entity into which one or more other corporations or eligible en

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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.
1.
Eligible entity.
"Eligible entity" means a domestic or foreign unincorporated entity or a domestic or foreign nonprofit corporation.
2.
Eligible interests.
"Eligible interests" means interests and memberships.
3.
Merger.
"Merger" means a business combination pursuant to section 1102.
4.
Party to a merger or party to a share exchange.
"Party to a merger" or "party to a share exchange" means any domestic or foreign corporation or eligible entity that will:
5.
Share exchange.
"Share exchange" means a business combination pursuant to section 1103.
6.
Survivor.
"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.