One or more domestic nonprofit corporations may merge into another domestic entity if the board of directors of each nonprofit corporation that is a party to the merger and each other entity that is a party to the merger adopts a plan of merger complying with section 7-90-203.3 and the members entitled to vote thereon, […]
A nonprofit corporation may convert into any form of entity permitted by section 7-90-201 if the board of directors of the nonprofit corporation adopts a plan of conversion that complies with section 7-90-201.3 and the members entitled to vote thereon, if any, if required by section 7-131-102, approve the plan of conversion. Source: L. 2007: […]
After adopting a plan of conversion complying with section 7-90-201.3 or a plan of merger complying with section 7-90-203.3, the board of directors of the converting nonprofit corporation or the board of directors of each nonprofit corporation that is a party to the merger shall also submit the plan of conversion or plan of merger […]
After a plan of merger is approved, the surviving nonprofit corporation shall deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title, a statement of merger pursuant to section 7-90-203.7. If the plan of merger provides for amendments to the articles of incorporation of the surviving nonprofit […]
The effect of a merger shall be as provided in section 7-90-204. The effect of a conversion shall be as provided in section 7-90-202. Nothing in this title shall limit the common law powers of the attorney general concerning the merger or conversion of a nonprofit corporation. Source: L. 97: Entire article added, p. 715, […]
One or more domestic nonprofit corporations may merge with one or more foreign entities if: The merger is permitted by section 7-90-203 (2) ; (Deleted by amendment, L. 2007, p. 252 , § 59, effective May 29, 2007.) The foreign entity complies with section 7-90-203.7 , if it is the surviving entity of the merger; […]
