New Jersey Statutes 42:2C-76. Filings required for merger; effective date
Terms Used In New Jersey Statutes 42:2C-76
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
- Statute: A law passed by a legislature.
a. After each constituent organization has approved a merger, articles of merger shall be signed on behalf of:
(1) each constituent limited liability company, as provided in subsection a. of section 20 of this act; and
(2) each other constituent organization, as provided in its governing statute.
b. Articles of merger under this section shall include:
(1) the name and form of each constituent organization and the jurisdiction of its governing statute;
(2) the name and form of the surviving organization, the jurisdiction of its governing statute, and, if the surviving organization is created by the merger, a statement to that effect;
(3) the date the merger is effective under the governing statute of the surviving organization;
(4) if the surviving organization is to be created by the merger:
(a) if it will be a limited liability company, the company’s certificate of formation; or
(b) if it will be an organization other than a limited liability company, the organizational document that creates the organization that is in a public record;
(5) if the surviving organization preexists the merger, any amendments provided for in the plan of merger for the organizational document that created the organization that are in a public record;
(6) a statement as to each constituent organization that the merger was approved as required by the organization’s governing statute;
(7) if the surviving organization is a foreign organization not authorized to transact business in this State, the street and mailing addresses of an office that the filing office may use for the purposes of subsection b. of section 77 of this act; and
(8) any additional information required by the governing statute of any constituent organization.
c. The surviving organization shall deliver the articles of merger for filing in the office of the filing office.
d. A merger becomes effective under this act:
(1) if the surviving organization is a limited liability company, upon the later of:
(a) compliance with subsection c. of this section; or
(b) subject to subsection c. of section 22 of this act, as specified in the articles of merger; or
(2) if the surviving organization is not a limited liability company, as provided by the governing statute of the surviving organization.
L.2012, c.50, s.76.