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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - New Jersey Statutes Title 15A. Corporations, Nonprofit 15A § 10-1 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-15a-corporations-nonprofit/nj-st-sect-15a-10-1/
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