(a) Articles of consolidation or purchase shall be signed by a majority of the directors of the respective companies and shall be filed and recorded in the office of the Secretary of State.
(b) The articles of consolidation or purchase shall set forth the amount of the capital stock, the names of the officers of the companies thus formed, and all conditions, agreements, and stipulations in the premises.
(c) The amount of the capital stock of the company thus formed may be fixed at any amount not exceeding the aggregate sum authorized by the charter or articles of incorporation of the respective companies thus merging or amalgamating.
Section: Previous 23-11-302 23-11-303 23-11-304 23-11-305 23-11-306 23-11-307 23-11-308 23-11-309 23-11-310 23-11-311 23-11-312 23-11-313 23-11-314 23-11-315 NextLast modified: November 15, 2016