Missouri Laws 380.281 – Mergers of certain mutual companies, procedure — merger plan, required contents
Any two or more companies operating under the provisions of sections 380.201 to 380.591 may merge into one of the corporations; and companies operating under the provisions of sections 380.011 to 380.151 may merge into a corporation operating under sections 380.201 to 380.591 in the following manner: The board of directors of each corporation shall approve a plan of merger and direct the submission of the plan to a vote at a meeting of its members. The plan of merger shall set forth:
(1) The names of the corporations proposing to merge, and the name of the corporation into which they propose to merge, which is herein designated as “the surviving corporation”;
Terms Used In Missouri Laws 380.281
- 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.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
(2) The terms and conditions of the proposed merger and the mode of carrying it into effect;
(3) A statement of any changes in the articles of incorporation of the surviving corporation to be effected by the merger;
(4) Such other provisions with respect to the proposed merger as are deemed necessary or desirable.