13.1-715.1 - Definitions. - Virginia Statutes

§ 13.1-715.1. Definitions.

As used in this article:

"Merger" means a business combination pursuant to § 13.1-716.

"Party to a merger" or "party to a share exchange" means any domestic orforeign corporation or eligible entity that will:

1. Merge under a plan of merger;

2. Acquire shares of another domestic or foreign corporation or eligibleinterests in an eligible entity in a share exchange; or

3. Have all of its shares or eligible interests or all of one or more classesor series of its shares or eligible interests acquired in a share exchange.

"Share exchange" means a business combination pursuant to § 13.1-717.

"Survivor" in a merger means the domestic or foreign corporation or theeligible entity into which one or more other domestic or foreign corporationsor eligible entities are merged. A survivor of a merger may preexist themerger or be created by the merger.

(2005, c. 765.)