47-1A-1101. Definitions.
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/sd/title-47/chapter-47-1/47-1a-1101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Terms used in §§ 47-1A-1101 to 47-1A-1108 , inclusive, mean:
(1)"Merger," a business combination pursuant to §§ 47-1A-1102 to 47-1A-1102.5 , inclusive;
(2)"Party to a merger" or "party to a share exchange," any domestic or foreign corporation or eligible entity that will:
(a)Merge under a plan of merger;
(b)Acquire shares or eligible interests of another corporation or an eligible entity in a share exchange; or
(c)Have all of its shares or eligible interests or all of one or more classes or series of its shares or eligible interests acquired in a share exchange;
(3)"Share exchange," a business combination pursuant to §§ 47-1A-1103 to 47-1A-1103.5 , inclusive;
(4)"Survivor," in a merger means the corporation or eligible entity into which one or more other corporations or eligible entities are merged. A survivor of a merger may preexist the merger or be created by the merger.