Certificates representing shares of stock of the domestic company prior to the plan of exchange becoming effective shall, after the plan of exchange becomes effective, represent (a) shares of the issued and outstanding capital stock or other securities issued by the acquiring corporation; and (b) the right, if any, to receive such cash or other consideration upon such terms as shall be specified in the plan of exchange. Such certificates representing shares of stock of the domestic company may, after the plan of exchange becomes effective, be exchanged for shares of stock or other securities issued by the acquiring corporation or cash or other consideration or any combination thereof upon such terms as shall be specified in the plan of exchange.
Structure Mississippi Code
Chapter 19 - Domestic Companies
Merger or Consolidation, or Exchange of Outstanding Stock, of Domestic Stock Companies
§ 83-19-101. Directors' resolution and plan
§ 83-19-103. Submission of plan to commissioner of insurance
§ 83-19-105. Public hearing on plan
§ 83-19-107. Commissioner's order
§ 83-19-109. Appeals from commissioner's decision
§ 83-19-111. Stockholder approval of plan
§ 83-19-113. Procedure where foreign corporation is involved
§ 83-19-117. When stockholders' vote unnecessary
§ 83-19-121. Rights of dissenters
§ 83-19-123. Construction and effect of Sections 83-19-99 through 83-19-123