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Missouri Revised Statutes Title XXIV. Business and Financial Institutions § 380.281. Mergers of certain mutual companies, procedure--merger plan, required contents

Current as of January 01, 2025 | Updated by Findlaw Staff

Any two or more companies operating under the provisions of sections 380.201 to 380.591 may merge into one of the corporations; and companies operating under the provisions of sections 380.011 to 380.151 may merge into a corporation operating under sections 380.201 to 380.591 in the following manner: The board of directors of each corporation shall approve a plan of merger and direct the submission of the plan to a vote at a meeting of its members. The plan of merger shall set forth:

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

(2) The terms and conditions of the proposed merger and the mode of carrying it into effect;

(3) A statement of any changes in the articles of incorporation of the surviving corporation to be effected by the merger;

(4) Such other provisions with respect to the proposed merger as are deemed necessary or desirable.

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Cite this article: FindLaw.com - Missouri Revised Statutes Title XXIV. Business and Financial Institutions § 380.281. Mergers of certain mutual companies, procedure--merger plan, required contents - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-xxiv-business-and-financial-institutions/mo-rev-st-380-281/

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