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317A.601 MERGER, CONSOLIDATION, OR TRANSFER.

Subdivision 1.Merger or consolidation.

Two or more corporations may merge or consolidate, resulting in a single corporation subject to this chapter. A merger or consolidation must be made as provided in sections 317A.611 to 317A.651.

Subd. 2.Transfer.

A corporation may sell, lease, transfer, or dispose of all or substantially all of its property and assets under section 317A.661.

Subd. 3.Notice to attorney general.

If applicable, a corporation shall comply with section 317A.811 before it may merge or consolidate or transfer all or substantially all of its assets.

History:

1989 c 304 s 84