Louisiana Revised Statutes 12:1-1101 – Definitions
Terms Used In Louisiana Revised Statutes 12:1-1101
- 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.
- Merger: means a business combination pursuant to La. See Louisiana Revised Statutes 12:1-1101
- Share exchange: means a business combination pursuant to La. See Louisiana Revised Statutes 12:1-1101
As used in this Part, the following meanings shall apply:
A. “Merger” means a business combination pursuant to La. Rev. Stat. 12:1-1102.
B. “Party to a merger” or “party to a share exchange” means any domestic or foreign corporation or eligible entity that will do any of the following:
(1) Merge under a plan of merger.
(2) Acquire shares or eligible interests of another corporation or an eligible entity in a share exchange.
(3) Have all of its shares or eligible interests or all of one or more classes or series of its shares or eligible interests acquired in a share exchange.
C. “Share exchange” means a business combination pursuant to La. Rev. Stat. 12:1-1103.
D. “Survivor” in a merger means the corporation or eligible entity into which one or more other corporations or eligible entities are merged. A survivor of a merger may preexist the merger or be created by the merger.
Acts 2014, No. 328, §1, eff. Jan. 1, 2015.