(a) Any two (2) or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this subchapter.
(b) Each corporation shall adopt a plan of consolidation setting forth:
(1) The names of the corporations proposing to consolidate;
(2) The name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;
(3) The terms and conditions of the proposed consolidation;
(4) With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under the Arkansas Nonprofit Corporation Act, § 4-28-201 et seq.; and
(5) Any other provisions with respect to the proposed consolidation as are deemed necessary or desirable.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 28 - Nonprofit Organizations
Subchapter 3 - Merger or Consolidation of Nonprofit Corporations
§ 4-28-302. Domestic corporations — Merger pursuant to plan
§ 4-28-303. Domestic corporations — Consolidation pursuant to plan
§ 4-28-304. Domestic corporations — Adoption of plan of merger or consolidation — Abandonment
§ 4-28-305. Domestic corporations — Articles of merger or consolidation
§ 4-28-307. Domestic corporations — Effect of merger or consolidation
§ 4-28-308. Merger or consolidation of foreign with domestic corporations
§ 4-28-309. Continuation of prior corporate existence for limited purpose