New Mexico § 53-8-40 Procedure for merger

New Mexico Statutes

§ 53-8-40 — Procedure for merger

New Mexico § 53-8-40

Ch. 53Corporations

Art. 8Nonprofit Corporations

This text of New Mexico § 53-8-40 (Procedure for merger) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 53-8-40 (2026).

Text

A. Any two or more domestic corporations may merge into one corporation pursuant to a plan of merger approved in the manner provided in the Nonprofit Corporation Act. B. Each corporation shall adopt 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;

(3)a statement of any changes in the articles of incorporation of the surviving corporation to be effected by the merger; and (4) such other provisions with respect to the proposed merger as are deemed necessary or desirable.

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A. Any two or more domestic corporations may merge into one corporation pursuant to a plan of merger approved in the manner provided in the Nonprofit Corporation Act. B. Each corporation shall adopt 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; (3) a statement of any changes in the articles of incorporation of the surviving corporation to be effected by the merger; and (4) such other provisions with respect to the proposed merger as are deemed necessary or desirable.