Merger with foreign entity

7-131-105. Merger with foreign entity. (1) One or more domestic nonprofit corporations may merge with one or more foreign entities if: (a) The merger is permitted by section 7-90-203 (2); (b) (Deleted by amendment, L. 2007, p. 252, � 59, effective May 29, 2007.) (c) The foreign entity complies with section 7-90-203.7, if it is the surviving entity of the merger; and (d) Each domestic nonprofit corporation complies with the applicable provisions of sections 7-131-101 and 7-131-102 and, if it is the surviving nonprofit corporation of the merger, with section 7-131-103. (2) Upon the merger taking effect, the surviving foreign entity of a merger shall comply with section 7-90-204.5. (3) and (4) (Deleted by amendment, L. 2006, p. 882, � 82, effective July 1, 2006.) Source: L. 97: Entire article added, p. 716, � 3, effective July 1, 1998. L. 2003: (1)(a) and (2) amended, p. 2346, � 320, effective July 1, 2004. L. 2006: (2) to (4) amended, p. 882, � 82, effective July 1. L. 2007: IP(1), (1)(a) to (1)(c), and (2) amended, p. 252, � 59, effective May 29. ARTICLE 132 Sale of Property Cross references: For definitions applicable to this article, see �� 7-90-102 and 7-121-401.