The board of directors of each corporation shall, by a resolution, approve a plan of consolidation setting out
- (1) the names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereafter referred to as the new corporation;
- (2) the terms and conditions of the proposed consolidation;
- (3) all of the statements with respect to the new corporation required to be set out in articles of incorporation for corporations organized under this chapter;
- (4) other provisions with respect to the consolidation considered necessary or desirable.