(a) Any two or more domestic nonprofit corporations may consolidate into a new nonprofit corporation pursuant to a plan of consolidation approved in the manner provided in this chapter.
(b) Each nonprofit corporation shall adopt a plan of consolidation setting forth:
(1) The names of the nonprofit corporations proposing to consolidate, and the name of the new nonprofit corporation into which they propose to consolidate, which is hereinafter designated as the new nonprofit corporation.
(2) The terms and conditions of the proposed consolidation.
(3) With respect to the new nonprofit corporation, all of the statements required to be set forth in the certificate of formation for nonprofit corporations organized under this chapter.
(4) The other provisions with respect to the proposed consolidation 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.