15A:10-8 - Abandonment of merger or consolidation
15A:10-8.Ā Abandonment of merger or consolidation
Prior to the time when a merger or consolidation authorized by this chapterĀ shall become effective, the merger or consolidation may be abandoned pursuantĀ to provisions therefor, if any, set forth in the plan of merger or consolidation.Ā If a certificate of merger or consolidation has been filed in the office of the Secretary of State prior to the abandonment, an original and a copy of a certificate of abandonment shall be filed in the office of the Secretary of State.Ā The certificate shall be executed on behalf of each corporation which is a party to the plan of merger or consolidation, unless theĀ plan permits abandonment by less than all of the corporations, in which eventĀ the certificate may be executed on behalf of the corporation or corporationsĀ exercising the right to abandon. The certificate shall state that the mergerĀ or consolidation has been abandoned in accordance with the provisions thereforĀ set forth in the plan of merger or consolidation.Ā The Secretary of State shallĀ forward the copy to the Attorney General.
L.1983, c. 127, s. 15A:10-8, eff. Oct. 1, 1983.
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Prior to the time when a merger or consolidation authorized by this chapterĀ shall become effective, the merger or consolidation may be abandoned pursuantĀ to provisions therefor, if any, set forth in the plan of merger or consolidation.Ā If a certificate of merger or consolidation has been filed in the office of the Secretary of State prior to the abandonment, an original and a copy of a certificate of abandonment shall be filed in the office of the Secretary of State.Ā The certificate shall be executed on behalf of each corporation which is a party to the plan of merger or consolidation, unless theĀ plan permits abandonment by less than all of the corporations, in which eventĀ the certificate may be executed on behalf of the corporation or corporationsĀ exercising the right to abandon. The certificate shall state that the mergerĀ or consolidation has been abandoned in accordance with the provisions thereforĀ set forth in the plan of merger or consolidation.Ā The Secretary of State shallĀ forward the copy to the Attorney General.
L.1983, c. 127, s. 15A:10-8, eff. Oct. 1, 1983.
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