Section 3-103 – Consideration for Stock or Assets

    In a consolidation, merger, or share exchange, stock in a corporation may be exchanged for or converted into and, in a transfer of assets, assets may be transferred in consideration of any one or more of the following:

        (1)    Stock, evidence of indebtedness, partnership or limited liability company interests, or other securities of the successor or any other corporation or entity, whether or not a party to the transaction;

        (2)    Other tangible or intangible property;

        (3)    Money; and

        (4)    Any other consideration.