(805 ILCS 105/111.05) (from Ch. 32, par. 111.05)
Sec. 111.05.
Right to merge or consolidate.
Any two or
more corporations may merge into one such corporation or
consolidate into a new corporation by adopting a plan of
merger or consolidation setting forth:
(a) The names of the corporations proposing to merge
or consolidate, and in the case of a merger, the name of the
corporation into which they propose to merge, which is
hereinafter designated as the surviving corporation, or in
the case of a consolidation, the name of the new corporation
into which they propose to consolidate, which is hereinafter
designated as the new corporation;
(b) The terms and conditions of the proposed merger or
consolidation;
(c) In the case of a merger, a statement of any changes in
the articles of incorporation of the surviving corporation
to be effected by such merger, or in the case of a
consolidation and with respect to the new corporation, all
of the statements required to be set forth in articles of
incorporation for corporations organized under this Act; and
(d) Such other provisions with respect to the proposed
merger or consolidation as are deemed necessary or
desirable, including provisions, if any, under which the
proposed merger or consolidation may be abandoned prior to
the filing of articles of merger or articles of
consolidation by the Secretary of State.
(Source: P.A. 84-1423.)
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