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PART X
MERGER OR CONSOLIDATION
Definitions 89. Whenever used in this part;
"Merger" means a procedure whereby any two or more
corporations merge into a single corporation, which is any one of
the constituent corporations;
"Consolidation" means a procedure whereby any two or more
corporations consolidate into a new corporation formed by the
consolidation;
"Constituent corporation" means an existing corporation that is
participating in the merger or consolidation with one or more other
corporations;
"Surviving corporation" means the constituent corporation into
which one or more other constituent corporations are merged; and.
"Consolidated corporation" means the new corporation into which
two or more constituent corporations are consolidated.

 

 

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