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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