Domestic and Foreign Nonstock Corporations – Consolidations, Mergers, and Conversions

Bill Number:  SB0041

Bill Sponsor(s):  Chair, Judicial Proceedings Committee

Subject:  Judicial Proceedings

Bill Summary:

Specifying that certain authority of a nonstock corporation to consolidate, merge, or convert applies only to a domestic nonstock corporation; altering the authority of a certain nonstock corporation to consolidate or merge; and authorizing a foreign nonstock corporation to convert into a domestic nonstock corporation.

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