2012 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 59 - Fundamental Changes
Section 5921 - Merger and consolidation authorized
SUBCHAPTER C
MERGER, CONSOLIDATION AND SALE OF ASSETS
Sec.
5921. Merger and consolidation authorized.
5922. Plan of merger or consolidation.
5923. Notice of meeting of members.
5924. Adoption of plan.
5925. Authorization by foreign corporations.
5926. Articles of merger or consolidation.
5927. Filing of articles of merger or consolidation.
5928. Effective date of merger or consolidation.
5929. Effect of merger or consolidation.
5930. Voluntary transfer of corporate assets.
Subchapter Heading. The heading of Subchapter C was amended December 21, 1988, P.L.1444, No.177, effective October 1, 1989.
Cross References. Subchapter C is referred to in sections 5952, 5962, 6162 of this title.
§ 5921. Merger and consolidation authorized.
(a) Domestic surviving or new corporation.--Any two or more domestic nonprofit corporations, or any two or more foreign corporations not-for-profit, or any one or more domestic nonprofit corporations, and any one or more foreign corporations not-for-profit, may, in the manner provided in this subchapter, be merged into one of such domestic nonprofit corporations, hereinafter designated as the surviving corporation, or consolidated into a new corporation to be formed under this article, if such foreign corporations not-for-profit are authorized by the law or laws of the jurisdiction under which they are incorporated to effect such merger or consolidation.
(b) Foreign surviving or new corporation.--Any one or more domestic nonprofit corporations, and any one or more foreign corporations not-for-profit, may, in the manner hereinafter provided in this subchapter, be merged into one of such foreign corporations not-for-profit, hereinafter designated as the surviving corporation, or consolidated into a new corporation to be incorporated under the law or laws of the jurisdiction under which one of the foreign corporations not-for-profit is incorporated, if the laws of such jurisdiction authorize such merger or consolidation.
Disclaimer: These codes may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
