§13.1-715.1. Definitions


Published: 2015

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§ 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 or foreign corporation or eligible entity that will:
1. Merge under a plan of merger;
2. Acquire shares of another domestic or foreign corporation or eligible interests in an eligible entity in a share exchange; or
3. Have all of its shares or eligible interests or all of one or more classes or 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 the eligible entity into which one or more other domestic or foreign corporations or eligible entities are merged. A survivor of a merger may preexist the merger or be created by the merger.
2005, c. 765.