KRS 386A.7-030: Plan of merger.
Where this section sits in the code
(1) Each constituent organization shall enter into a written plan of merger.
(2) The plan of merger shall set forth:
(a) The name of each constituent organization and the name of the constituent
organization into which each constituent organization proposes to merge;
(b) The terms and conditions of the proposed merger, including but not limited to
a statement which sets forth whether limited liability is retained by the
surviving constituent organization;
(c) The manner and basis of converting the beneficial in terest in each constituent
statutory trust and the interests in each constituent organization into interests,
shares, or other securities or obligations, as the case may be, of the surviving
constituent organization or of any other business entity, or, in whole or in part,
into cash or other property;
(d) The amendments to the organizational documents of the surviving constituent
organization as are desired to be effected by the merger, or that no changes are
desired; and
(e) Other provisions relating to the proposed merger that are deemed necessary or
desirable.
Collected 2026-09-05T20:59:18Z. Source file · JSON