A plan of merger or consolidation must contain:
(1) the names of the corporations proposing to merge or consolidate;
(2) the name of the surviving or new corporation;
(3) the terms and conditions of the proposed merger or consolidation;
(4) in the case of a merger, the manner and basis of converting the memberships of the constituent corporations into memberships of the surviving corporation or of any other corporation;
(5) in the case of a merger, a statement of amendments to the articles of the surviving corporation proposed as part of the merger;
(6) in the case of a consolidation, the provisions required by section 317A.111 to be set out in the articles of the new corporation; and
(7) other provisions with respect to the proposed merger or consolidation that are considered necessary or desirable.
History: 1989 c 304 s 85
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