{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-894.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-894.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-894.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-894.html"}],"law_id":67958,"edition_id":1,"section_id":67958,"structure_id":16181,"section_number":"13.1-894","catch_line":"Merger","history":"Code 1950, \u00a7 13.1-240; 1956, c. 428; 1985, c. 522; 2007, c. 925; 2008, c. 509; 2015, c. 611; 2021, Sp. Sess. I, c. 487.","full_text":"A\n\nOne or more domestic corporations may merge with one or more domestic or foreign corporations or eligible entities pursuant to a plan of merger, or two or more foreign corporations or domestic or foreign eligible entities may merge, resulting in a survivor that is a domestic corporation created in the merger.B\n\nA foreign corporation or a foreign eligible entity may be a party to a merger with a domestic corporation, or may be created as the survivor of a merger in which a domestic corporation is a party but only if the merger is permitted by the organic law of the foreign corporation or eligible entity.C\n\nThe plan of merger shall include:1\n\nAs to each party to the merger, its name, jurisdiction of formation, and type of entity;2\n\nThe survivor&#8217;s name, jurisdiction of formation, and type of entity, and, if the survivor is to be created in the merger, a statement to that effect;3\n\nThe terms and conditions of the merger;4\n\nThe manner and basis of converting the membership interests of each merging domestic or foreign corporation and eligible interests of each domestic or foreign eligible entity into membership interests, eligible interests or other securities, obligations, rights to acquire membership interests, eligible interests or other securities, cash or other property, or any combination of the foregoing;5\n\nThe manner and basis of converting any rights to acquire the membership interests of each merging domestic or foreign corporation and eligible interests of each merging domestic or foreign eligible entity into membership interests, eligible interests or other securities, obligations, rights to acquire membership interests, eligible interests or other securities, cash or other property, or any combination of the foregoing;6\n\nAny amendment to the articles of incorporation of the survivor that is a domestic corporation or if the articles of incorporation are amended and restated, as an attachment to the plan, the survivor&#8217;s restated articles of incorporation, or if a new domestic corporation is to be created by the merger, as an attachment to the plan, the survivor&#8217;s articles of incorporation; and7\n\nAny other provisions required by the laws under which any party to the merger is organized or by which it is governed or required by the articles of incorporation or organic document of any such party.D\n\nIn addition to the requirements of subsection C, a plan of merger may contain any other provision not prohibited by law.E\n\nTerms of a plan of merger may be made dependent on facts objectively ascertainable outside the plan in accordance with subsection L of &#xA7; 13.1-804.F\n\nUnless the plan of merger provides otherwise, a plan of merger may be amended prior to the effective time and date of the certificate of merger, but if the members of a domestic corporation that is a party to the merger are required by any provision of this chapter to vote on the plan, the plan may not be amended subsequent to approval of the plan by such members to change any of the following unless the amendment is subject to the approval of the members:1\n\nThe amount or kind of membership interests, eligible interests or other securities, obligations, rights to acquire membership interests, eligible interests or other securities, cash, or other property to be received under the plan by the members of or holders of eligible interests in any party to the merger;2\n\nThe articles of incorporation of any domestic corporation that will be the survivor of the merger, except for changes permitted by subsection B of &#xA7; 13.1-885; or3\n\nAny of the other terms or conditions of the plan if the change would adversely affect such members in any material respect.","order_by":null,"text":{"0":{"id":246083,"text":"One or more domestic corporations may merge with one or more domestic or foreign corporations or eligible entities pursuant to a plan of merger, or two or more foreign corporations or domestic or foreign eligible entities may merge, resulting in a survivor that is a domestic corporation created in the merger.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":246084,"text":"A foreign corporation or a foreign eligible entity may be a party to a merger with a domestic corporation, or may be created as the survivor of a merger in which a domestic corporation is a party but only if the merger is permitted by the organic law of the foreign corporation or eligible entity.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":246085,"text":"The plan of merger shall include:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":246086,"text":"As to each party to the merger, its name, jurisdiction of formation, and type of entity;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":246087,"text":"The survivor&#8217;s name, jurisdiction of formation, and type of entity, and, if the survivor is to be created in the merger, a statement to that effect;","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"5":{"id":246088,"text":"The terms and conditions of the merger;","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"C4"},"6":{"id":246089,"text":"The manner and basis of converting the membership interests of each merging domestic or foreign corporation and eligible interests of each domestic or foreign eligible entity into membership interests, eligible interests or other securities, obligations, rights to acquire membership interests, eligible interests or other securities, cash or other property, or any combination of the foregoing;","type":"section","prefixes":["C","4"],"prefix":"4","entire_prefix":"C4","prefix_anchor":"C4","level":2,"prior_prefix":"C3","next_prefix":"C5"},"7":{"id":246090,"text":"The manner and basis of converting any rights to acquire the membership interests of each merging domestic or foreign corporation and eligible interests of each merging domestic or foreign eligible entity into membership interests, eligible interests or other securities, obligations, rights to acquire membership interests, eligible interests or other securities, cash or other property, or any combination of the foregoing;","type":"section","prefixes":["C","5"],"prefix":"5","entire_prefix":"C5","prefix_anchor":"C5","level":2,"prior_prefix":"C4","next_prefix":"C6"},"8":{"id":246091,"text":"Any amendment to the articles of incorporation of the survivor that is a domestic corporation or if the articles of incorporation are amended and restated, as an attachment to the plan, the survivor&#8217;s restated articles of incorporation, or if a new domestic corporation is to be created by the merger, as an attachment to the plan, the survivor&#8217;s articles of incorporation; and","type":"section","prefixes":["C","6"],"prefix":"6","entire_prefix":"C6","prefix_anchor":"C6","level":2,"prior_prefix":"C5","next_prefix":"C7"},"9":{"id":246092,"text":"Any other provisions required by the laws under which any party to the merger is organized or by which it is governed or required by the articles of incorporation or organic document of any such party.","type":"section","prefixes":["C","7"],"prefix":"7","entire_prefix":"C7","prefix_anchor":"C7","level":2,"prior_prefix":"C6","next_prefix":"D"},"10":{"id":246093,"text":"In addition to the requirements of subsection C, a plan of merger may contain any other provision not prohibited by law.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C7","next_prefix":"E"},"11":{"id":246094,"text":"Terms of a plan of merger may be made dependent on facts objectively ascertainable outside the plan in accordance with subsection L of &#xA7; 13.1-804.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"12":{"id":246095,"text":"Unless the plan of merger provides otherwise, a plan of merger may be amended prior to the effective time and date of the certificate of merger, but if the members of a domestic corporation that is a party to the merger are required by any provision of this chapter to vote on the plan, the plan may not be amended subsequent to approval of the plan by such members to change any of the following unless the amendment is subject to the approval of the members:","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E","next_prefix":"F1"},"13":{"id":246096,"text":"The amount or kind of membership interests, eligible interests or other securities, obligations, rights to acquire membership interests, eligible interests or other securities, cash, or other property to be received under the plan by the members of or holders of eligible interests in any party to the merger;","type":"section","prefixes":["F","1"],"prefix":"1","entire_prefix":"F1","prefix_anchor":"F1","level":2,"prior_prefix":"F","next_prefix":"F2"},"14":{"id":246097,"text":"The articles of incorporation of any domestic corporation that will be the survivor of the merger, except for changes permitted by subsection B of &#xA7; 13.1-885; or","type":"section","prefixes":["F","2"],"prefix":"2","entire_prefix":"F2","prefix_anchor":"F2","level":2,"prior_prefix":"F1","next_prefix":"F3"},"15":{"id":246098,"text":"Any of the other terms or conditions of the plan if the change would adversely affect such members in any material respect.","type":"section","prefixes":["F","3"],"prefix":"3","entire_prefix":"F3","prefix_anchor":"F3","level":2,"prior_prefix":"F2"}},"ancestry":[{"id":16181,"edition_id":1,"name":"Merger","identifier":"11","label":"article","depth":3,"order_by":1,"parent_id":13004,"metadata":{},"date_created":"2026-06-26 04:08:22","date_modified":"2026-06-26 04:08:22","permalink":{"id":147619,"object_type":"structure","relational_id":16181,"identifier":"11","token":"13.1\/10\/11","url":"\/13.1\/10\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13004,"edition_id":1,"name":"Virginia Nonstock Corporation Act","identifier":"10","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":147501,"object_type":"structure","relational_id":13004,"identifier":"10","token":"13.1\/10","url":"\/13.1\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65123,"structure_id":16181,"section_number":"13.1-893.1","catch_line":"Definitions","url":"\/13.1-893.1\/","token":"13.1\/10\/11\/13.1-893.1","metadata":false},{"id":67958,"structure_id":16181,"section_number":"13.1-894","catch_line":"Merger","url":"\/13.1-894\/","token":"13.1\/10\/11\/13.1-894","metadata":false},{"id":82018,"structure_id":16181,"section_number":"13.1-895","catch_line":"Action on plan of merger","url":"\/13.1-895\/","token":"13.1\/10\/11\/13.1-895","metadata":false},{"id":64509,"structure_id":16181,"section_number":"13.1-896","catch_line":"Articles of merger","url":"\/13.1-896\/","token":"13.1\/10\/11\/13.1-896","metadata":false},{"id":71876,"structure_id":16181,"section_number":"13.1-897","catch_line":"Effect of merger","url":"\/13.1-897\/","token":"13.1\/10\/11\/13.1-897","metadata":false},{"id":69763,"structure_id":16181,"section_number":"13.1-897.1","catch_line":"Abandonment of a merger","url":"\/13.1-897.1\/","token":"13.1\/10\/11\/13.1-897.1","metadata":false},{"id":68446,"structure_id":16181,"section_number":"13.1-898","catch_line":"Repealed","url":"\/13.1-898\/","token":"13.1\/10\/11\/13.1-898","metadata":false}],"previous_section":{"id":65123,"structure_id":16181,"section_number":"13.1-893.1","catch_line":"Definitions","url":"\/13.1-893.1\/","token":"13.1\/10\/11\/13.1-893.1","metadata":false},"next_section":{"id":82018,"structure_id":16181,"section_number":"13.1-895","catch_line":"Action on plan of merger","url":"\/13.1-895\/","token":"13.1\/10\/11\/13.1-895","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-894\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 428; in 1985, chapter 522; in 2007, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?071+ful+CHAP0925\">925<\/a>; in 2008, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?081+ful+CHAP0509\">509<\/a>; in 2015, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?151+ful+CHAP0611\">611<\/a>.<\/p>","references":[{"id":65123,"section_number":"13.1-893.1","catch_line":"Definitions","order_by":null,"url":"\/13.1-893.1\/"}],"refers_to":[{"id":58197,"section_number":"13.1-885","catch_line":"Amendment of articles of incorporation by directors","order_by":null,"url":"\/13.1-885\/"}],"permalink":{"id":147625,"object_type":"law","relational_id":67958,"identifier":"13.1-894","token":"13.1\/10\/11\/13.1-894","url":"\/13.1-894\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-894\/","token":"13.1\/10\/11\/13.1-894","dublin_core":{"Title":"Merger","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-894","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> One or more <span class=\"dictionary\">domestic corporations<\/span> may merge with one or more domestic or <span class=\"dictionary\">foreign corporations<\/span> or eligible entities pursuant to a plan of <span class=\"dictionary\">merger<\/span>, or two or more <span class=\"dictionary\">foreign corporations<\/span> or domestic or foreign eligible entities may merge, resulting in a <span class=\"dictionary\">survivor<\/span> that is a <span class=\"dictionary\">domestic corporation<\/span> created in the <span class=\"dictionary\">merger<\/span>. <a id=\"paragraph-246083\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> A <span class=\"dictionary\">foreign corporation<\/span> or a foreign <span class=\"dictionary\">eligible entity<\/span> may be a <span class=\"dictionary\">party to a merger<\/span> with a <span class=\"dictionary\">domestic corporation<\/span>, or may be created as the <span class=\"dictionary\">survivor<\/span> of a merger in which a <span class=\"dictionary\">domestic corporation<\/span> is a party but only if the merger is permitted by the <span class=\"dictionary\">organic law<\/span> of the <span class=\"dictionary\">foreign corporation<\/span> or <span class=\"dictionary\">eligible entity<\/span>. <a id=\"paragraph-246084\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> The plan of merger shall include: <a id=\"paragraph-246085\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> As to each party to the merger, its name, <span class=\"dictionary\">jurisdiction of formation<\/span>, and type of entity; <a id=\"paragraph-246086\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#C1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> The <span class=\"dictionary\">survivor<\/span>&#8217;s name, <span class=\"dictionary\">jurisdiction of formation<\/span>, and type of entity, and, if the <span class=\"dictionary\">survivor<\/span> is to be created in the merger, a statement to that effect; <a id=\"paragraph-246087\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#C2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> The terms and conditions of the merger; <a id=\"paragraph-246088\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#C3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> The manner and basis of converting the <span class=\"dictionary\">membership interests<\/span> of each merging domestic or <span class=\"dictionary\">foreign corporation<\/span> and <span class=\"dictionary\">eligible interests<\/span> of each domestic or foreign <span class=\"dictionary\">eligible entity<\/span> into <span class=\"dictionary\">membership interests<\/span>, <span class=\"dictionary\">eligible interests<\/span> or other securities, obligations, rights to acquire <span class=\"dictionary\">membership interests<\/span>, <span class=\"dictionary\">eligible interests<\/span> or other securities, cash or other property, or any combination of the foregoing; <a id=\"paragraph-246089\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#C4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C5\" class=\"indent-1\"><p><span class=\"prefix-number\">5.<\/span> The manner and basis of converting any rights to acquire the <span class=\"dictionary\">membership interests<\/span> of each merging domestic or <span class=\"dictionary\">foreign corporation<\/span> and <span class=\"dictionary\">eligible interests<\/span> of each merging domestic or foreign <span class=\"dictionary\">eligible entity<\/span> into <span class=\"dictionary\">membership interests<\/span>, <span class=\"dictionary\">eligible interests<\/span> or other securities, obligations, rights to acquire <span class=\"dictionary\">membership interests<\/span>, <span class=\"dictionary\">eligible interests<\/span> or other securities, cash or other property, or any combination of the foregoing; <a id=\"paragraph-246090\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#C5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C6\" class=\"indent-1\"><p><span class=\"prefix-number\">6.<\/span> Any amendment to the <span class=\"dictionary\">articles of incorporation<\/span> of the <span class=\"dictionary\">survivor<\/span> that is a <span class=\"dictionary\">domestic corporation<\/span> or if the <span class=\"dictionary\">articles of incorporation<\/span> are amended and restated, as an <span class=\"dictionary\">attachment<\/span> to the plan, the <span class=\"dictionary\">survivor<\/span>&#8217;s restated <span class=\"dictionary\">articles of incorporation<\/span>, or if a new <span class=\"dictionary\">domestic corporation<\/span> is to be created by the merger, as an <span class=\"dictionary\">attachment<\/span> to the plan, the <span class=\"dictionary\">survivor<\/span>&#8217;s <span class=\"dictionary\">articles of incorporation<\/span>; and <a id=\"paragraph-246091\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#C6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C7\" class=\"indent-1\"><p><span class=\"prefix-number\">7.<\/span> Any other provisions required by the <span class=\"dictionary\">laws<\/span> under which any party to the merger is organized or by which it is governed or required by the <span class=\"dictionary\">articles of incorporation<\/span> or <span class=\"dictionary\">organic document<\/span> of any such party. <a id=\"paragraph-246092\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#C7\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> In addition to the requirements of subsection C, a plan of merger may contain any other provision not prohibited by law. <a id=\"paragraph-246093\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"E\"><p><span class=\"prefix-number\">E.<\/span> Terms of a plan of merger may be made dependent on <span class=\"dictionary\">facts<\/span> objectively ascertainable outside the plan in accordance with subsection L of &#xA7; <a class=\"law\" title=\"Filing requirements\" href=\"\/13.1-804\/\">13.1-804<\/a>. <a id=\"paragraph-246094\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#E\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"F\"><p><span class=\"prefix-number\">F.<\/span> Unless the plan of merger provides otherwise, a plan of merger may be amended prior to the effective time and date of the certificate of merger, but if the <span class=\"dictionary\">members<\/span> of a <span class=\"dictionary\">domestic corporation<\/span> that is a party to the merger are required by any provision of this chapter to vote on the plan, the plan may not be amended subsequent to approval of the plan by such <span class=\"dictionary\">members<\/span> to change any of the following unless the amendment is subject to the approval of the <span class=\"dictionary\">members<\/span>: <a id=\"paragraph-246095\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#F\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"F1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> The amount or kind of <span class=\"dictionary\">membership interests<\/span>, <span class=\"dictionary\">eligible interests<\/span> or other securities, obligations, rights to acquire <span class=\"dictionary\">membership interests<\/span>, <span class=\"dictionary\">eligible interests<\/span> or other securities, cash, or other property to be received under the plan by the <span class=\"dictionary\">members<\/span> of or holders of <span class=\"dictionary\">eligible interests<\/span> in any party to the merger; <a id=\"paragraph-246096\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#F1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"F2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> The <span class=\"dictionary\">articles of incorporation<\/span> of any <span class=\"dictionary\">domestic corporation<\/span> that will be the <span class=\"dictionary\">survivor<\/span> of the merger, except for changes permitted by subsection B of &#xA7; <a class=\"law\" title=\"Amendment of articles of incorporation by directors\" href=\"\/13.1-885\/\">13.1-885<\/a>; or <a id=\"paragraph-246097\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#F2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"F3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Any of the other terms or conditions of the plan if the change would adversely affect such <span class=\"dictionary\">members<\/span> in any <span class=\"dictionary\">material<\/span> respect. <a id=\"paragraph-246098\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-894\/#F3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nMERGER (\u00a7 13.1-894)\n\nA. One or more domestic corporations may merge with one or more domestic or\nforeign corporations or eligible entities pursuant to a plan of merger, or two\nor more foreign corporations or domestic or foreign eligible entities may merge,\nresulting in a survivor that is a domestic corporation created in the merger.\n\nB. A foreign corporation or a foreign eligible entity may be a party to a merger\nwith a domestic corporation, or may be created as the survivor of a merger in\nwhich a domestic corporation is a party but only if the merger is permitted by\nthe organic law of the foreign corporation or eligible entity.\n\nC. The plan of merger shall include:\n\n   1. As to each party to the merger, its name, jurisdiction of formation, and\n   type of entity;\n\n   2. The survivor&#8217;s name, jurisdiction of formation, and type of entity,\n   and, if the survivor is to be created in the merger, a statement to that\n   effect;\n\n   3. The terms and conditions of the merger;\n\n   4. The manner and basis of converting the membership interests of each merging\n   domestic or foreign corporation and eligible interests of each domestic or\n   foreign eligible entity into membership interests, eligible interests or other\n   securities, obligations, rights to acquire membership interests, eligible\n   interests or other securities, cash or other property, or any combination of\n   the foregoing;\n\n   5. The manner and basis of converting any rights to acquire the membership\n   interests of each merging domestic or foreign corporation and eligible\n   interests of each merging domestic or foreign eligible entity into membership\n   interests, eligible interests or other securities, obligations, rights to\n   acquire membership interests, eligible interests or other securities, cash or\n   other property, or any combination of the foregoing;\n\n   6. Any amendment to the articles of incorporation of the survivor that is a\n   domestic corporation or if the articles of incorporation are amended and\n   restated, as an attachment to the plan, the survivor&#8217;s restated articles\n   of incorporation, or if a new domestic corporation is to be created by the\n   merger, as an attachment to the plan, the survivor&#8217;s articles of\n   incorporation; and\n\n   7. Any other provisions required by the laws under which any party to the\n   merger is organized or by which it is governed or required by the articles of\n   incorporation or organic document of any such party.\n\nD. In addition to the requirements of subsection C, a plan of merger may contain\nany other provision not prohibited by law.\n\nE. Terms of a plan of merger may be made dependent on facts objectively\nascertainable outside the plan in accordance with subsection L of &#xA7;\n13.1-804.\n\nF. Unless the plan of merger provides otherwise, a plan of merger may be amended\nprior to the effective time and date of the certificate of merger, but if the\nmembers of a domestic corporation that is a party to the merger are required by\nany provision of this chapter to vote on the plan, the plan may not be amended\nsubsequent to approval of the plan by such members to change any of the\nfollowing unless the amendment is subject to the approval of the members:\n\n   1. The amount or kind of membership interests, eligible interests or other\n   securities, obligations, rights to acquire membership interests, eligible\n   interests or other securities, cash, or other property to be received under\n   the plan by the members of or holders of eligible interests in any party to\n   the merger;\n\n   2. The articles of incorporation of any domestic corporation that will be the\n   survivor of the merger, except for changes permitted by subsection B of &#xA7;\n   13.1-885; or\n\n   3. Any of the other terms or conditions of the plan if the change would\n   adversely affect such members in any material respect.\n\nHISTORY: Code 1950, \u00a7 13.1-240; 1956, c. 428; 1985, c. 522; 2007, c. 925; 2008,\nc. 509; 2015, c. 611; 2021, Sp. Sess. I, c. 487.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}