Mass. Gen. Laws ch. 156D § 11.01

Current through Chapter 223 of the 2024 Legislative Session

Section 156D:11.01 - Definitions

As used in this PART:

"Interests", includes any form of membership in a domestic or foreign nonprofit corporation.

"Merger", a business combination pursuant to section 11.02.

"Other entity", includes a domestic or foreign nonprofit corporation.

"Party to a merger" or "party to a share exchange", any domestic or foreign corporation or other entity that will either:

(1) merger under a plan of merger;

(2) acquire shares or interests of another corporation or an other entity in a share exchange; or

(3) have all of its shares or interests or all of one or more classes or series of its shares or interests acquired in a share exchange.

"Share exchange", a business combination pursuant to section 11.03.

"Survivor", in a merger, the corporation or other entity into which one or more other corporations or other entities are merged. A survivor of a merger may preexist the merger or be created by the merger.

Mass. Gen. Laws ch. 156D, § 11.01

Added by Acts 2003, c. 127, § 17, eff. 7/1/2004.