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 in which two
  or more constituent corporations are consolidated.