Sec. 16. Upon the execution of the agreement of consolidation by all of the corporations that are parties to the agreement, articles of consolidation shall be executed and filed with the secretary of state. The articles of consolidation must set forth the factors prescribed in section 9 of this chapter as if the consolidation was a merger.

Formerly: Acts 1933, c.40, s.129. As amended by P.L.263-1985, SEC.34; P.L.122-1994, SEC.54.