US Laws, Codes, Statutes & Cases

53-8-40. Procedure for merger.

A.     Any two or more domestic corporations may merge into one corporation pursuant to a plan of merger approved in the manner provided in the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978].   

B.     Each corporation shall adopt a plan of merger setting forth:   

(1)     the names of the corporations proposing to merge, and the name of the corporation into which they propose to merge, which is hereinafter designated as the surviving corporation;   

(2)     the terms and conditions of the proposed merger;   

(3)     a statement of any changes in the articles of incorporation of the surviving corporation to be effected by the merger; and   

(4)     such other provisions with respect to the proposed merger as are deemed necessary or desirable.