New Hampshire Statutes
§ 564-F:19-1902 — Effects of Merger
New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-F NEW HAMPSHIRE FOUNDATION ACT·Subdivision ARTICLE 19Merger
(a)A merger under RSA 564-F:19-1901 has the following effects:
(1)Each foundation and foreign foundation that is a party to the merger shall be merged into a single foundation, which shall be the foundation designated as the surviving foundation in the certificate of merger;
(2)Each foundation and foreign foundation that is a party to the merger, except the surviving foundation, shall cease to exist;
(3)All title to real property and other property owned by each foundation and foreign foundation that is a party to the merger and all contractual rights possessed by each foundation and foreign foundation that is a party to the merger are vested in the surviving foundation without reversion or impairment; and
(4)All liabilities of each foundation and foreign foundation that is a party to
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Legislative History
2017, 257:47, eff. Oct. 1, 2017.
Nearby Sections
15
§ 564-F:1-101
Short Title§ 564-F:1-102
Scope§ 564-F:1-103
Reservation of Power to Amend or Repeal§ 564-F:10-1001
Board of Directors§ 564-F:10-1002
Qualifications§ 564-F:10-1003
Number§ 564-F:10-1004
Classes§ 564-F:10-1005
Appointment and Term§ 564-F:10-1006
Resignation§ 564-F:10-1007
Removal§ 564-F:10-1008
Committees§ 564-F:10-1009
Delegation§ 564-F:10-1010
Voting§ 564-F:10-1011
Meetings§ 564-F:10-1012
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