Plan of merrier or consolidation.
Section 76
SEC. 76. Plan of merrier or consolidation.—Two or more corporations may merge into a single corporation which shall be one of the constituent corporations or may consolidate into a new single corporation which shall be the consolidated corporation. The board of directors or trustees of each corporation, party to the merger or consolidation, shall approve a plan of merger or consolidation setting forth the following: The names of the corporations proposing to merge or consolidate, hereinafter referred to as the constituent corporations; The terms of the merger or consolidation and the mode of carrying the same into effect; A statement of the changes, if any, in the articles of incorporation of the surviving corporation in case of merger; and, with respect to the consolidated corporation in case of consolidation, all the statements required to be set forth in the articles of incorporation for corporations organized under this Code; and Such other provisions with respect to the proposed merger or consolidation as are deemed necessary or desirable. (n)