Ohio Code 1746.18 – Merger, consolidation, sale or other disposition of assets
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Any business trust may be a party, with one or more other entities, to an agreement of merger, consolidation, or sale, or other disposition of all or substantially all of its assets, provided that the agreement of merger, consolidation, or sale, or other disposition is approved in the manner set forth in the trust instrument or, if the trust instrument contains no procedure for such approval, by the holders of a majority of the shares of the business trust at a meeting held for such purpose.
Terms Used In Ohio Code 1746.18
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.