Section 901. Power of merger or consolidation

(a) Two  or  more  domestic  corporations  may,  as  provided  in this
  chapter:
    (1) Merge into  a  single  corporation  which  shall  be  one  of  the
  constituent corporations; or
    (2) Consolidate  into  a  single  corporation  which  shall  be  a new
  corporation to be formed pursuant to the consolidation.
    (b) Whenever used in this article:
    (1) "Merger"  means  a  procedure  of  the  character   described   in
  subparagraph (a) (1).
    (2) "Consolidation"  means  a  procedure of the character described in
  subparagraph (a) (2).
    (3) "Constituent corporation" means an existing  corporation  that  is
  participating  in  the  merger  or  consolidation with one or more other
  corporations.
    (4) "Surviving corporation" means  the  constituent  corporation  into
  which one or more other constituent corporations are merged.
    (5) "Consolidated  corporation"  means  the new corporation into which
  two or more constituent corporations are consolidated.
    (6) "Constituent entity" means a domestic or  foreign  corporation  or
  other   business   entity,  that  is  participating  in  the  merger  or
  consolidation with one or more domestic or foreign corporations.
    (7) "Other business entity" means any  person  other  than  a  natural
  person,  general partnership (including any registered limited liability
  partnership or registered foreign limited liability  partnership)  or  a
  domestic or foreign business corporation.
    (8)  "Person" means any association, corporation, joint stock company,
  estate, general partnership (including any registered limited  liability
  partnership   or   foreign   limited   liability  partnership),  limited
  association, limited liability company (including a professional service
  limited liability company), foreign limited liability company (including
  a  foreign  professional  service  limited  liability  company),   joint
  venture,  limited  partnership,  natural  person, real estate investment
  trust, business trust or other trust, custodian, nominee  or  any  other
  individual or entity in its own or any representative capacity.
    (c)  One  or more domestic corporations and one or more other business
  entities, or one or more foreign corporations  and  one  or  more  other
  business  entities  may  as provided by any other applicable statute and
  this chapter:
    (1) Merge into a single  domestic  or  foreign  corporation  or  other
  business entity, which shall be one of the constituent entities; or
    (2) Consolidate into a single domestic or foreign corporation or other
  business entity, which shall be a new domestic or foreign corporation or
  other business entity to be formed pursuant to the consolidation.