Michigan Laws 450.1706 – Merger with domestic or foreign corporation; execution of certificate by incorporators; compliance
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(1) A domestic corporation that has not commenced business, has not issued any shares, and has not elected a board may merge with any domestic or foreign corporation by unanimous consent of its incorporators.
(2) In order to effect the merger, the majority of incorporators shall execute a certificate of merger in accordance with section 707.
Terms Used In Michigan Laws 450.1706
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(3) The other domestic or foreign corporations participating in the merger shall comply with the provisions of this act dealing with mergers that are applicable to them.