A plan of merger approved by a resolution of the board of each corporation shall be proposed setting out
- (1) the names of the corporations proposing to merge and the name of the surviving corporation into which they propose to merge;
- (2) the terms and conditions of the proposed merger;
- (3) the manner and basis of converting the shares of each merging corporation into shares or other securities or obligations of the surviving corporation;
- (4) a statement of changes in the articles of incorporation of the surviving corporation caused by the merger; and
- (5) other provisions of the merger considered necessary or desirable.