Section 906. Merger or consolidation of domestic and foreign corporations  


Latest version.
  • (a)  One  or  more  foreign  corporations  and  one  or  more domestic
      corporations may be merged or consolidated into a  corporation  of  this
      state  or  of  another  jurisdiction, if such merger or consolidation is
      permitted by the laws of the jurisdiction under which each such  foreign
      corporation   is   incorporated.   With   respect   to  such  merger  or
      consolidation, any reference in paragraph (b) of section 901  (Power  of
      merger  or  consolidation)  to  a  corporation shall, unless the context
      otherwise requires, include both domestic and foreign corporations.
        (b) With respect to procedure, including the requirement  of  approval
      by  members,  each domestic corporation shall comply with the provisions
      of  this  chapter  relating  to  merger  or  consolidation  of  domestic
      corporations,  and  each  foreign  corporation  shall  comply  with  the
      applicable provisions of the law of the jurisdiction under which  it  is
      incorporated.
        (c)  if  the  surviving or consolidated corporation is, or is to be, a
      domestic corporation, a certificate of merger or consolidation shall  be
      signed, verified and delivered to the department of state as provided in
      section  904  (Certificate  of  merger  or  consolidation; contents). In
      addition to the matters specified in such section, the certificate shall
      set forth as to each constituent foreign  corporation  the  jurisdiction
      and  date  of  its  incorporation  and the date when its application for
      authority  to  conduct  activities  in  this  state  was  filed  by  the
      department of state, and its fictitious name used in this state pursuant
      to  article  thirteen  of  this  chapter,  if applicable, or, if no such
      application has been filed, a statement to such effect.
        (d) If the surviving or consolidated corporation  is,  or  is  to  be,
      formed under the law of any jurisdiction other than this state:
        (1)  It  shall  comply with the provisions of this chapter relating to
      foreign corporations if it is to conduct activities in this state.
        (2) It shall  deliver  to  the  department  of  state  a  certificate,
      entitled   "Certificate   of  merger  (or  consolidation)  of ..........
      and ..........  into ..........  (names of corporations)  under  section
      906  of  the  Not-for-Profit  Corporation Law", which shall be signed on
      behalf of each constituent domestic and foreign  corporation.  It  shall
      set forth:
        (A)  The  statements  required  by  subparagraphs  (a)  (1) and (2) of
      section 902 (Plan of merger or consolidation).
        (B) The jurisdiction and date of incorporation  of  the  surviving  or
      consolidated  foreign  corporation,  the  date  when its application for
      authority  to  conduct  activities  in  this  state  was  filed  by  the
      department of state, and its fictitious name used in this state pursuant
      to  article  thirteen  of  this  chapter,  if applicable, or, if no such
      application has been filed, a statement to such effect and  that  it  is
      not  to  conduct  activities in this state until an application for such
      authority shall have been filed by such department.
        (C) The date when the certificate of incorporation of each constituent
      domestic corporation was filed  by  the  department  of  state  and  the
      jurisdiction  and  date  of  incorporation  of  each constituent foreign
      corporation,  other  than  the   surviving   or   consolidated   foreign
      corporation,  and;  in  the  case of each such corporation authorized to
      conduct activities in this state, the  date  when  its  application  for
      authority was filed by the department of state.
        (D)   An   agreement   that  the  surviving  or  consolidated  foreign
      corporation may be served with process in this state in  any  action  or
      special proceeding for the enforcement of any liability or obligation of
      any  domestic  corporation  or  of  any  foreign corporation, previously
      amenable to suit in this state, which is a  constituent  corporation  in
    
      such  merger  or  consolidation,  and an agreement that the surviving or
      consolidated foreign corporation may be sued in this state in respect of
      any property transferred or conveyed to it as provided in paragraph  (c)
      of  section 907 (Approval by the supreme court), or the use made of such
      property, or any transaction in connection therewith.
        (E) A designation of the secretary of state as  its  agent  upon  whom
      process  against  it  may be served in the manner set forth in paragraph
      (b) of section 306 (Service  of  process),  in  any  action  or  special
      proceeding  described  in  subparagraph  (D)  and a post office address,
      within or without this state, to which the secretary of state shall mail
      a copy of the process in such action or special proceeding.
        (F) The manner in which  the  plan  of  merger  or  consolidation  was
      approved  with respect to each constituent domestic corporation and that
      the merger or consolidation is permitted by the laws of the jurisdiction
      of each constituent foreign corporation and is in compliance therewith.
        (G) The effective date of the merger or consolidation  if  other  than
      the  date of filing of the certificate of merger or consolidation by the
      department of state.
        (e) Upon the filing of the certificate of merger or  consolidation  by
      the  department  of  state  or  on  such date subsequent thereto, not to
      exceed thirty days as shall be set forth in such certificate, the merger
      or consolidation shall be effected.
        (f) The surviving or  consolidated  domestic  or  foreign  corporation
      shall  thereafter  cause  a  copy  of such certificate, certified by the
      department of state, to be filed in the office  of  the  clerk  of  each
      county  in which the office of a constituent corporation, other than the
      surviving corporation, is located, and in the office of the official who
      is the recording officer of each county in  this  state  in  which  real
      property   of  a  constituent  corporation,  other  than  the  surviving
      corporation, is situated.
        (g) If the surviving or consolidated corporation  is,  or  is  to  be,
      formed  under  the  law  of  this  state,  the  effect of such merger or
      consolidation shall be the  same  as  in  the  case  of  the  merger  or
      consolidation  of  domestic  corporations  under  section 905 (Effect of
      merger or consolidation). If the surviving or  consolidated  corporation
      is,  or  is  to be, incorporated under the law of any jurisdiction other
      than this state, the effect of such merger or consolidation shall be the
      same as  in  the  case  of  the  merger  or  consolidation  of  domestic
      corporations,  except  in  so  far as the law of such other jurisdiction
      provides otherwise.