(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 25.15.400.
(2) The plan of merger must set forth:
(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;
(b) The terms and conditions of the merger; and
(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.
(3) The plan of merger may set forth:
(a) Amendments to the articles of incorporation of the
surviving corporation;
(b) Amendments to the certificate of limited partnership of
the surviving limited partnership; and
(c) Other provisions relating to the merger.
[2009 c 188 § 1401; 1998 c 103 § 1310; 1991 c 269 § 38.]
NOTES:
Effective date -- 2009 c 188: "Sections 1401 through 1416 of this act take effect July 1, 2010." [2009 c 188 § 1417.]