(a) Any two or more domestic nonprofit corporations may merge into one of the corporations pursuant to a plan of merger approved in the manner provided in this chapter.
(b) Each nonprofit corporation shall adopt a plan of merger setting forth:
(1) The names of the nonprofit corporations proposing to merge, and the name of the nonprofit corporation into which they propose to merge, which is hereinafter designated as the surviving nonprofit corporation.
(2) The terms and conditions of the proposed merger.
(3) A statement of any changes in the certificate of formation of the surviving nonprofit corporation to be effected by the merger.
(4) The other provisions with respect to the proposed merger as are deemed necessary or desirable.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 3 - Nonprofit Corporations.
Article 5 - Merger and Consolidation.
Section 10A-3-5.01 - Procedure for Merger.
Section 10A-3-5.02 - Procedure for Consolidation.
Section 10A-3-5.03 - Approval of Merger or Consolidation.
Section 10A-3-5.04 - Articles of Merger or Consolidation.
Section 10A-3-5.05 - Effect of Merger or Consolidation.
Section 10A-3-5.06 - Merger or Consolidation of Domestic and Foreign Nonprofit Corporations.