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 articles of incorporation for corporations organized under chapter 47-22;
- (4) Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.
Source: SL 1965, ch 24 , § 41.