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Ark. Code Ann. § 4-27-1106

Merger

Known as the Arkansas Business Corporation Act

The act spans §§ 4–4 (323 sections).

2009, No. 408, § 2.

(1) A corporation may merge with one (1) or more other constituent organizations under this section and §§ 4-27-1107 — 4-27-1110 and a plan of merger if: The governing statute of each of the other organizations authorizes the merger;

(2) The merger is not prohibited by the law of a jurisdiction that enacted any of the governing statutes; and

(3) Each of the other organizations complies with its governing statute in effecting the merger.

(4) A plan of merger shall be in a record and shall include: The name and form of each constituent organization;

(5) The name and form of the surviving organization;

(6) The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration; and

(7) Any amendments to be made by the merger to the surviving organization's organizational documents.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.