§ 4-33-1106 - Merger with foreign corporation. - Arkansas Statutes

4-33-1106. Merger with foreign corporation.

(a) Except as provided in 4-33-1102, one (1) or more foreign nonprofit corporations may merge with one (1) or more domestic nonprofit corporations if:

(1) the merger is permitted by the law of the state or country under whose law each foreign corporation is incorporated and each foreign corporation complies with that law in effecting the merger;

(2) the foreign corporation complies with 4-33-1104 if it is the surviving corporation of the merger; and

(3) each domestic nonprofit corporation complies with the applicable provisions of 4-33-1101 -- 4-33-1103 and, if it is the surviving corporation of the merger, with 4-33-1104.

(b) Upon the merger taking effect, the surviving foreign business or nonprofit corporation may be served with process in any proceeding brought against it as provided in 4-20-113.