New York Consolidated Laws, Not-For-Profit Corporation Law - NPC § 901. Power of merger or consolidation

(1) Merge into a single corporation which shall be one of the constituent corporations; or

(2) Consolidate into a single corporation which shall be a new corporation to be formed pursuant to the consolidation.

(1) “Merger” means a procedure of the character described in subparagraph (a)(1).

(2) “Consolidation” means a procedure of the character described in subparagraph (a)(2).

(3) “Constituent corporation” means an existing corporation that is participating in the merger or consolidation with one or more other corporations.

(4) “Surviving corporation” means the constituent corporation into which one or more other constituent corporations are merged.

(5) “Consolidated corporation” means the new corporation in which two or more constituent corporations are consolidated.