47-25 NONPROFIT CORPORATIONS--REORGANIZATION
Merger of corporations--Plan of merger--Contents of plan.
Amendment of surviving corporation's articles.
Consolidation of corporations--Plan of consolidation--Contents of plan.
Articles of consolidation as governing new corporation.
Adoption of plan of merger or consolidation.
Resolution of merger or consolidation--Submission to members--Notice of proposed plan.
Two-thirds vote required for approval.
Corporations having no members entitled to vote--Approval by directors.
Abandonment of merger or consolidation plan.
Approval of articles of merger or consolidation--Contents of approval--Delivery to
secretary of state.
Endorsement and approval by secretary of state--Issuance of certificate of merger or
Effective date of merger or consolidation.
Formation of single corporation--Surviving corporation.
Cessation of previous corporate existence.
Rights and duties of surviving corporation.
Transfer of assets and liabilities to surviving corporation--Title to real estate.
New corporation as responsible for claims and liabilities--Preexisting rights unimpaired.
Merger or consolidation involving foreign corporation.
Compliance with local law by local corporation--Compliance with foreign law by foreign
Compliance with local law by surviving corporation--Submission to service of process
Effect of merger or consolidation of foreign and domestic corporation.
Surviving corporation as governed by foreign law.
Abandonment of merger or consolidation.
Transfer of substantially all corporate assets.
Vote upon transfer of corporate assets--Notice of meeting--Contents of notice.
Authorization of transfer by members--Two-thirds vote required.
Abandonment of transfer plan after vote of members--Rights of third parties.
Authorization for transfer in corporation having no members entitled to vote.