Offshore Banking with a Swiss Bank Account and Nevis LLC
Merger or 93. (1) One or more foreign corporations may be merged or consolidation consolidated with one or more domestic corporations in the of domestic following manner, if such merger or consolidation is and foreign permitted by the laws of the jurisdiction under which each corporations such foreign corporation is established: (i) Each domestic corporation shall comply with the provisions of this Ordinance with respect to the merger or consolidation, as the case may be, of domestic corporations and each foreign corporation shall comply with the applicable provisions of the laws of the jurisdiction under which it is organized; (ii) If the surviving or consolidated corporation is to be governed by the laws of any jurisdiction other than Nevis, it shall file with the Registrar of Companies; 1) An agreement that it will promptly pay to the dissenting shareholders of any such domestic corporation the amount, if any, to which they shall be entitled under the provisions of this Ordinance with respect to the rights of dissenting share- holders. (2) A certificate of merger or consolidation issued by the appropriate official of the foreign jurisdiction. (2) The effect of such merger or consolidation shall be the same as in the case of the merger or consolidation of domestic corporations if the surviving or consolidated corporation is to be governed by the laws of this jurisdiction. If the surviving or consolidated corporation is to be governed by the laws of any jurisdiction other than Nevis, the effect of such merger or consolidation shall be the same as in the case of the merger or consolidation of domestic corporations except insofar as the laws of such other jurisdiction provide otherwise. (3) The effective date of a merger or consolidation in cases where the surviving or consolidated corporation is to be governed by the laws of any jurisdiction other than Nevis shall be determined by the filing requirements and laws of such other jurisdiction. (4) The procedure for the merger of a subsidiary corporation or corporation under section 91 of Part X shall be available where either a subsidiary corporation or the corporation owning at least ninety percent of the outstanding shares of each class of a subsidiary is a foreign corporation, and such merger is permitted by the laws of the jurisdiction under which such foreign corporation is incorporated.
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