[§415B-82] Procedure for consolidation. Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this chapter.

Each corporation shall adopt a plan of consolidation setting forth:

(1) The names of the corporations proposing to consolidate and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;

(2) The terms and conditions of the proposed consolidation;

(3) With respect to the new corporation, all of the statements required to be set forth in the articles of incorporation for corporations organized under this chapter; and

(4) Any other necessary or desirable provisions with respect to the proposed consolidation. [L 1985, c 270, pt of §1]

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