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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 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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 53. Corporations § 53-8-40. Procedure for merger - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-53-corporations/nm-st-sect-53-8-40/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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