LD 1539
pg. 47
Page 46 of 101 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 48 of 101
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LR 1942
Item 1

 
E. Any other provisions required by the laws under which
any party to the merger is organized or by which it is
governed, or by the articles of incorporation or organic
documents of any such person.

 
5. Extrinsic facts. The terms Terms of the a plan of merger
referred to in subsection 4, paragraphs B and C may be made
dependent on upon facts ascertainable outside the plan of merger,
as long as those facts are objectively ascertainable. For the
purposes of this subsection, "facts" includes, but is not limited
to, the occurrence of any event, including a determination or
action by any person or body, including the corporation. outside
the plan in accordance with section 121, subsection 10.

 
6. Amend plan prior to filing articles of merger. The plan
of merger may also include a provision that the plan may be
amended prior to filing the articles of merger with the Secretary
of State under section 1106, subsection 2. If the shareholders
of a domestic corporation that is a party to the merger are
required or permitted to vote on the plan, the plan must provide
that subsequent to approval of the plan by the shareholders the
plan may not be amended to:

 
A. Change the amount or kind of shares or other securities,
eligible interests, obligations, rights to acquire shares or
other securities, cash or other property to be received
under the plan by the shareholders or owners of eligible
interests in any party to the merger;

 
B. Change the articles of incorporation or the organic
documents of any other eligible entity that will survive or
be created as a result of the merger, except for changes
permitted by section 1005 or by comparable provisions of the
organic laws of any such foreign corporation or domestic or
foreign other eligible entity; or

 
C. Change any of the other terms or conditions of the plan
if the change would adversely affect the shareholders in any
material respect.

 
§1103. Share exchange

 
1. Share exchange. Through a share exchange:

 
A. A domestic corporation may acquire all of the shares of one
or more classes or series of shares of another domestic or
foreign business corporation, or all of the eligible interests of
one or more classes or series of eligible interests of a domestic
or foreign other eligible entity, in


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