LD 1539
pg. 48
Page 47 of 104 PUBLIC Law Chapter 344 Page 49 of 104
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LR 1942
Item 1

 
B. If the business and affairs of the unincorporated
eligible entity are managed by a group of persons that is
not identical to the members or interest holders, that group
is deemed to be the board of directors.

 
4. Plan of merger. A plan of merger must include:

 
A. The name of each domestic or foreign business or
nonprofit corporation or unincorporated eligible entity that
will merge and the name of the corporation or unincorporated
eligible entity that will be the survivor of the merger;

 
B. The terms and conditions of the merger;

 
C. The manner and basis of converting the shares of each
merging domestic or foreign business corporation,
memberships of each domestic or foreign nonprofit
corporation and eligible interests of each merging domestic
or foreign unincorporated eligible entity into shares or
other securities, memberships, eligible interests,
obligations, rights to acquire shares, or other securities
or interest eligible interests, cash or other property or
any combination thereof;

 
D. The articles of incorporation of any domestic or foreign
business or nonprofit corporation or the organic documents
of any domestic or foreign unincorporated entity to be
created by the merger or, if a new domestic or foreign
business or nonprofit corporation or unincorporated entity
is not to be created by the merger, any amendments to the
survivor's articles of incorporation or organic documents;
and

 
E. Any other provisions required by the laws under which
any party to the merger is organized or by which it is
governed, or by the articles of incorporation or organic
documents of any such person.

 
5. Extrinsic facts. The terms Terms of the a plan of merger
referred to in subsection 4, paragraphs B and C may be made
dependent on upon facts ascertainable outside the plan of merger,
as long as those facts are objectively ascertainable. For the
purposes of this subsection, "facts" includes, but is not limited
to, the occurrence of any event, including a determination or
action by any person or body, including the corporation. outside
the plan in accordance with section 121, subsection 10.

 
6. Amend plan prior to filing articles of merger. The plan
of merger may also include a provision that the plan may be


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