New Jersey § 15A:10-1 Procedure for merger

New Jersey Statutes

§ 15A:10-1 — Procedure for merger

New Jersey § 15A:10-1

Title 15ACORPORATIONS, NONPROFIT

This text of New Jersey § 15A:10-1 (Procedure for merger) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 15A:10-1 (2026).

Text

a. Any two or more domestic corporations may merge into one of the corporations pursuant to a plan of merger approved in the manner provided in this act. b. The board of each corporation shall approve a plan of merger setting forth:

(1)the names of the corporations proposing to merge, and the name of the corporation into which they propose to merge, which is hereinafter designated as the surviving corporation;

(2)the terms and conditions of the proposed merger, including a statement of any amendments in the certificate of incorporation of the surviving corporation to be affected by the merger;

(3)the manner and basis of converting the membership of each corporation, in whole or in part, into memberships or obligations of the surviving corporation, or into cash or other property;

(4)Any

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a. Any two or more domestic corporations may merge into one of the corporations pursuant to a plan of merger approved in the manner provided in this act. b. The board of each corporation shall approve a plan of merger setting forth: (1) the names of the corporations proposing to merge, and the name of the corporation into which they propose to merge, which is hereinafter designated as the surviving corporation; (2) the terms and conditions of the proposed merger, including a statement of any amendments in the certificate of incorporation of the surviving corporation to be affected by the merger; (3) the manner and basis of converting the membership of each corporation, in whole or in part, into memberships or obligations of the surviving corporation, or into cash or other property; (4) Any other provisions with respect to the proposed merger as are deemed necessary or desirable. L.1983, c. 127, s. 15A:10-1, eff. Oct. 1, 1983.