Legislation

SB 114 w/ SA 1 — Session Law

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Mentions of “Corporations” — 8 found on pages 6, 8, 10, 11, 16, 18

… by underline as follows: § 242. Amendment of certificate of incorporation after receipt of payment for stock; nonstock corporations. (a) After a corporation has received payment for any of its capital stock, or after a nonstock corporation has member …

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… onsolidation or upon conversion or domestication; issuance of stock, bonds or other indebtedness. (a) When 2 or more corporations are merged or consolidated, or an other entity is converted to, or a non-United States entity becomes domesticated as …

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… ital stock or uncertificated stock if authorized to do so and other securities to the stockholders of the constituent corporations upon conversion of or in exchange or payment for the original shares, in such amount as shall be necessary in accorda …

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… ection (b) or (c) of this section that appraisal rights are available for any or all of the shares of the constituent corporations or the converting converting, transferring, domesticating or continuing corporation, and shall include in such notice …

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… continuing corporation, and shall include in such notice either a copy of this section (and, if 1 of the constituent corporations or the converting corporation is a nonstock corporation, a copy of § 114 of this title) or information directing the …

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… continuing corporation, and shall include in such notice either a copy of this section (and, if 1 of the constituent corporations or the converting converting, transferring, domesticating or continuing corporation is a nonstock corporation, a copy …

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… e through and insertions as shown by underline as follows: § 390. Transfer, domestication or continuance of domestic corporations. (b) The board of directors of the corporation which desires to transfer to or domesticate or continue in a foreign …

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… of merger or consolidation entered into on or after August 1, 2023. Section 17. Section 10 of this Act only applies to corporations that have converted under § 265 of Title 8 of the Delaware Code and with respect to which a plan of conversion is ent …

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