Source: https://app.leg.wa.gov/RCW/default.aspx?cite=23B.11&full=true
Timestamp: 2019-05-19 20:58:11
Document Index: 581262083

Matched Legal Cases: ['§ 131', '§ 132', '§ 135', '§ 136', '§ 2124', '§ 137', '§ 110', '§ 1401', '§ 1310', '§ 38', '§ 1417', '§ 111', '§ 1402', '§ 1311', '§ 39']

Chapter 23B.11 RCW: MERGER AND SHARE EXCHANGE
RCWs > Title 23B > Chapter 23B.11
Chapter 23B.11 RCW
23B.11.030 Approval of plan of merger or share exchange.
23B.11.035 Plan of merger or share exchange—Separate voting group.
23B.11.040 Merger of or into subsidiary.
23B.11.100 Merger—Corporation is surviving entity.
23B.11.110 Merger with foreign and domestic entities—Effect.
23B.11.010
(1) One or more corporations may merge into another corporation if the board of directors of each corporation adopts and its shareholders, if required by RCW 23B.11.030, approve a plan of merger.
(a) The name of each corporation planning to merge and the name of the surviving corporation into which each other corporation plans to merge;
(c) The manner and basis of converting the shares of each corporation into shares, obligations, or other securities of the surviving or any other corporation or into cash or other property in whole or part.
(a) Amendments to the articles of incorporation of the surviving corporation; and
[ 1989 c 165 § 131.]
23B.11.020
(1) A corporation may acquire all of the outstanding shares of one or more classes or series of another corporation if the board of directors of each corporation adopts and its shareholders, if required by RCW 23B.11.030, approve the exchange.
(b) The terms and conditions of the exchange;
(c) The manner and basis of exchanging the shares to be acquired for shares, obligations, or other securities of the acquiring or any other corporation or for cash or other property in whole or part.
[ 1989 c 165 § 132.]
23B.11.030
23B.11.035
23B.11.040
23B.11.050
After a plan of merger or share exchange is approved by the shareholders, or adopted by the board of directors if shareholder approval is not required, the surviving or acquiring corporation shall deliver to the secretary of state for filing articles of merger or share exchange setting forth:
(2) If shareholder approval was not required, a statement to that effect; or
(3) If approval of the shareholders of one or more corporations party to the merger or share exchange was required, a statement that the merger or share exchange was duly approved by the shareholders pursuant to RCW 23B.11.030.
[ 1989 c 165 § 135.]
23B.11.060
(b) The title to all real estate and other property owned by each corporation party to the merger is vested in the surviving corporation without reversion or impairment;
(c) The surviving corporation has all liabilities of each corporation party to the merger;
(d) A proceeding pending against any corporation party to the merger may be continued as if the merger did not occur or the surviving corporation may be substituted in the proceeding for the corporation whose existence ceased;
(e) The articles of incorporation of the surviving corporation are amended to the extent provided in the plan of merger; and
(f) The former holders of the shares of every corporation party to the merger are entitled only to the rights provided in the articles of merger or to their rights under chapter 23B.13 RCW.
(2) When a share exchange takes effect, the shares of each acquired corporation are exchanged as provided in the plan, and the former holders of the shares are entitled only to the exchange rights provided in the articles of share exchange or to their rights under chapter 23B.13 RCW.
[ 1989 c 165 § 136.]
23B.11.070
Merger or share exchange with foreign corporation.
(a) In a merger, 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;
(c) The foreign corporation complies with RCW 23B.11.050 if it is the surviving corporation of the merger or acquiring corporation of the share exchange; and
(d) Each domestic corporation complies with the applicable provisions of RCW 23B.11.010 through 23B.11.040 and, if it is the surviving corporation of the merger or acquiring corporation of the share exchange, with RCW 23B.11.050.
(a) To consent to service of process pursuant to RCW 23.95.450 in a proceeding to enforce any obligation or the rights of dissenting shareholders of each domestic corporation party to the merger or share exchange; and
(b) To agree that it will promptly pay to the dissenting shareholders of each domestic corporation party to the merger or share exchange the amount, if any, to which they are entitled under chapter 23B.13 RCW.
[ 2015 c 176 § 2124; 1989 c 165 § 137.]
23B.11.080
(1) One or more domestic corporations may merge with one or more limited liability companies, partnerships, or limited partnerships if:
(a) The board of directors of each corporation adopts and the shareholders of each corporation approve, if approval would be necessary, the plan of merger as required by RCW 23B.11.030;
(b) The partners of each limited partnership approve the plan of merger as required by RCW 25.10.781;
(c) The partners of each partnership approve the plan of merger as required by RCW 25.05.375; and
(d) The members of each limited liability company approve, if approval is necessary, the plan of merger as required by RCW 25.15.421.
(a) The name of each limited liability company, partnership, corporation, and limited partnership planning to merge and the name of the surviving limited liability company, partnership, corporation, or limited partnership into which each other limited liability company, partnership, corporation, or limited partnership plans to merge;
(c) The manner and basis of converting the shares of each corporation, the member interests of each limited liability company, and the partnership interests in each partnership and each limited partnership into shares, limited liability company member interests, partnership interests, obligations, or other securities of the surviving limited liability company, partnership, corporation, or limited partnership, or into cash or other property, including shares, obligations, or securities of any other limited liability company, partnership, or corporation, and partnership interests, obligations, or securities of any other limited partnership, in whole or in part.
[ 2015 c 188 § 110; 2009 c 188 § 1401; 1998 c 103 § 1310; 1991 c 269 § 38.]
Effective date—2009 c 188: "Sections 1401 through 1416 of this act take effect July 1, 2010." [ 2009 c 188 § 1417.]
23B.11.090
After a plan of merger for one or more corporations and one or more limited partnerships, one or more partnerships, or one or more limited liability companies is approved by the shareholders of each corporation (or adopted by the board of directors of any corporation for which shareholder approval is not required), is approved by the partners for each limited partnership as required by RCW 25.10.781, is approved by the partners of each partnership as required by RCW 25.05.380, or is approved by the members of each limited liability company as required by RCW 25.15.421, the surviving entity must:
(c) A statement that the merger was duly approved by the partners of each limited partnership pursuant to RCW 25.10.781.
(2) If the surviving entity is a limited partnership, comply with the requirements in RCW 25.10.786.
(3) If the surviving entity is a partnership, comply with the requirements in RCW 25.05.380.
(4) If the surviving entity is a limited liability company, comply with the requirements in RCW 25.15.426.
[ 2015 c 188 § 111; 2009 c 188 § 1402; 1998 c 103 § 1311; 1991 c 269 § 39.]
23B.11.100
23B.11.110