Okla. Stat. tit. 18, § 18-1087
This is the official text of Okla. Stat. tit. 18, § 18-1087, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Merger or consolidation of domestic and foreign stock and
Official statutory text
nonstock corporations.
MERGER OR CONSOLIDATION OF DOMESTIC AND FOREIGN
STOCK AND NONSTOCK CORPORATIONS
A. Any one or more domestic corporations, whether stock or
nonstock corporations and whether or not organized for profit, may
merge or consolidate with one or more foreign corporations, unless
the laws of the jurisdiction or jurisdictions under which such
foreign corporation or corporations are organized prohibit such
merger or consolidation. The constituent corporations may merge
into a single surviving corporation, which may be any one of the
constituent corporations, or they may consolidate into a new
resulting corporation formed by the consolidation, which may be a
corporation of the jurisdiction of organization of any one of the
constituent corporations, pursuant to an agreement of merger or
consolidation, as the case may be, complying and approved in
accordance with the provisions of this section. The surviving or
resulting corporation may be either a domestic or foreign stock
corporation or a domestic or foreign nonstock corporation, as shall
be specified in the agreement of merger or consolidation required by
the provisions of subsection B of this section. For purposes of
this section, the term "foreign corporation" includes a nonstock
corporation organized under the laws of any jurisdiction other than
this state.
B. The method and procedure to be followed by the constituent
corporations so merging or consolidating shall be as prescribed in
Section 1086 of this title in the case of domestic corporations.
The agreement of merger or consolidation shall be as provided in
Section 1086 of this title and also set forth such other provisions
or facts as required to be set forth in an agreement of merger or
consolidation, including any provision for amendment of the
certificate of incorporation or equivalent document of a surviving
foreign corporation, by the laws of the jurisdiction or
jurisdictions which are stated in the agreement to be the laws under
which the foreign corporation or corporations are organized. The
agreement, in the case of foreign corporations, shall be adopted,
approved, certified, executed and acknowledged by each of the
constituent foreign corporations in accordance with the laws under
which each is organized.
Oklahoma Statutes - Title 18. Corporations Page 440
C. The requirements of the provisions of subsection D of
Section 1082 of this title as to the appointment of the Secretary of
State to receive process and the manner of serving the same in the
event the surviving or resulting corporation is a foreign
corporation shall also apply to mergers or consolidations effected
under this section and such appointment, if any, shall be included
in the certificate of merger or consolidation, if any, filed
pursuant to subsection B of this section. The provisions of
subsection E of Section 1081 of this title shall apply to mergers
effected pursuant to the provisions of this section if the surviving
corporation is a domestic corporation. The provisions of subsection
D of Section 1081 of this title shall apply to any constituent stock
corporation participating in a merger or consolidation pursuant to
the provisions of this section; provided, however, that for purposes
of a constituent nonstock corporation, references to the board of
directors, to shareholders, and to shares shall be deemed to be
references to the governing body of the corporation, to members of
the corporation, and to memberships or membership interests of the
corporation, as applicable, respectively. The provisions of
subsection F of Section 1081 of this title shall apply to any
constituent stock corporation participating in a merger pursuant to
the provisions of this section.
D. Nothing in this section shall be construed to authorize the
merger of a charitable nonstock corporation into a stock
corporation, if the charitable status of such nonstock corporation
s applicable, respectively. The provisions of
subsection F of Section 1081 of this title shall apply to any
constituent stock corporation participating in a merger pursuant to
the provisions of this section.
D. Nothing in this section shall be construed to authorize the
merger of a charitable nonstock corporation into a stock
corporation, if the charitable status of such nonstock corporation
would thereby be lost or impaired but a stock corporation may be
merged into a charitable nonstock corporation which shall continue
as the surviving corporation.
MERGER OR CONSOLIDATION OF DOMESTIC AND FOREIGN
STOCK AND NONSTOCK CORPORATIONS
A. Any one or more domestic corporations, whether stock or
nonstock corporations and whether or not organized for profit, may
merge or consolidate with one or more foreign corporations, unless
the laws of the jurisdiction or jurisdictions under which such
foreign corporation or corporations are organized prohibit such
merger or consolidation. The constituent corporations may merge
into a single surviving corporation, which may be any one of the
constituent corporations, or they may consolidate into a new
resulting corporation formed by the consolidation, which may be a
corporation of the jurisdiction of organization of any one of the
constituent corporations, pursuant to an agreement of merger or
consolidation, as the case may be, complying and approved in
accordance with the provisions of this section. The surviving or
resulting corporation may be either a domestic or foreign stock
corporation or a domestic or foreign nonstock corporation, as shall
be specified in the agreement of merger or consolidation required by
the provisions of subsection B of this section. For purposes of
this section, the term "foreign corporation" includes a nonstock
corporation organized under the laws of any jurisdiction other than
this state.
B. The method and procedure to be followed by the constituent
corporations so merging or consolidating shall be as prescribed in
Section 1086 of this title in the case of domestic corporations.
The agreement of merger or consolidation shall be as provided in
Section 1086 of this title and also set forth such other provisions
or facts as required to be set forth in an agreement of merger or
consolidation, including any provision for amendment of the
certificate of incorporation or equivalent document of a surviving
foreign corporation, by the laws of the jurisdiction or
jurisdictions which are stated in the agreement to be the laws under
which the foreign corporation or corporations are organized. The
agreement, in the case of foreign corporations, shall be adopted,
approved, certified, executed and acknowledged by each of the
constituent foreign corporations in accordance with the laws under
which each is organized.
Oklahoma Statutes - Title 18. Corporations Page 440
C. The requirements of the provisions of subsection D of
Section 1082 of this title as to the appointment of the Secretary of
State to receive process and the manner of serving the same in the
event the surviving or resulting corporation is a foreign
corporation shall also apply to mergers or consolidations effected
under this section and such appointment, if any, shall be included
in the certificate of merger or consolidation, if any, filed
pursuant to subsection B of this section. The provisions of
subsection E of Section 1081 of this title shall apply to mergers
effected pursuant to the provisions of this section if the surviving
corporation is a domestic corporation. The provisions of subsection
D of Section 1081 of this title shall apply to any constituent stock
corporation participating in a merger or consolidation pursuant to
the provisions of this section; provided, however, that for purposes
of a constituent nonstock corporation, references to the board of
directors, to shareholders, and to shares shall be deemed to be
references to the governing body of the corporation, to members of
the corporation, and to memberships or membership interests of the
corporation, as applicable, respectively. The provisions of
subsection F of Section 1081 of this title shall apply to any
constituent stock corporation participating in a merger pursuant to
the provisions of this section.
D. Nothing in this section shall be construed to authorize the
merger of a charitable nonstock corporation into a stock
corporation, if the charitable status of such nonstock corporation
s applicable, respectively. The provisions of
subsection F of Section 1081 of this title shall apply to any
constituent stock corporation participating in a merger pursuant to
the provisions of this section.
D. Nothing in this section shall be construed to authorize the
merger of a charitable nonstock corporation into a stock
corporation, if the charitable status of such nonstock corporation
would thereby be lost or impaired but a stock corporation may be
merged into a charitable nonstock corporation which shall continue
as the surviving corporation.
Status: in_force · Read it on the official government site
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