N.Y. Not-for-Profit Corporation Law § 901: Power of merger or consolidation

§ 901. Power of merger or consolidation.

(a) Two or more domestic corporations may, as provided in this

chapter:

(1) Merge into a single corporation which shall be one of the

constituent corporations; or

(2) Consolidate into a single corporation which shall be a new

corporation to be formed pursuant to the consolidation.

(b) Whenever used in this article:

(1) "Merger" means a procedure of the character described in

subparagraph (a) (1).

(2) "Consolidation" means a procedure of the character described in

subparagraph (a) (2).

(3) "Constituent corporation" means an existing corporation that is

participating in the merger or consolidation with one or more other

corporations.

(4) "Surviving corporation" means the constituent corporation into

which one or more other constituent corporations are merged.

(5) "Consolidated corporation" means the new corporation in which two

or more constituent corporations are consolidated.