10-1817. Merger of close corporations

A. Any two or more Arizona close corporations may merge. The plan of merger shall contain the requirements set forth in section 10-1101, except that the reference to "shares" shall be deemed a reference to capital units. Such plan of merger shall be signed by all of the investors of all of the close corporations being merged, and may be signed in counterparts. After all required signatures have been obtained, such plan of merger shall be filed with the commission under the procedure provided under section 10-1105.

B. An Arizona close corporation may not merge with any corporation other than another Arizona close corporation.

10-1817. Merger of close corporations

A. Any two or more Arizona close corporations may merge. The plan of merger shall contain the requirements set forth in section 10-1101, except that the reference to "shares" shall be deemed a reference to capital units. Such plan of merger shall be signed by all of the investors of all of the close corporations being merged, and may be signed in counterparts. After all required signatures have been obtained, such plan of merger shall be filed with the commission under the procedure provided under section 10-1105.

B. An Arizona close corporation may not merge with any corporation other than another Arizona close corporation.