55‑11‑01. Merger. (a) One or more corporations may merge into another corporation if the board of directors of each corporation adopts and its shareholders (if required by G.S. 55‑11‑03) approve a plan of merger.
What are the articles of merger in NC?
In the case of a merger, the articles of merger shall set forth (i) the name and state or country of incorporation of each merging corporation, (ii) the name of the merging corporation that will survive the merger and, if the surviving corporation is not authorized to transact business or conduct affairs in this State,
What are the 4 types of mergers?
The four most basic types of merger are horizontal, vertical, congeneric, and conglomerate mergers. Beyond these core types, there are also market or product extension mergers and numerous types of acquisitions that are also in some sense mergers. Keep reading to find out more about each of these.
What are articles of merger?
Articles of merger are legal documents outlining the roles and responsibilities of two or more parties as they merge into a single entity. Articles of merger may also be called a certificate of merger. This agreement outlines the intent of multiple parties to merge and outline the mergers operational aspects.
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Oct 29, 2019 STANDARD PROCESSING TIME for complete and correct applications submitted to this office is approximately 10-15 business days. All applications
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