<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>85057</law_id><section_number>13.1-715.1</section_number><catch_line>Definitions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-350</reference><reference>13.1-604</reference><reference>13.1-728.1</reference><reference>13.1-741.1</reference><reference>38.2-1000</reference><reference>38.2-1017</reference><reference>50-73.128</reference><reference>50-73.48:1</reference><reference>54.1-2353</reference><reference>6.2-1205</reference><reference>6.2-822</reference><reference>6.2-850</reference><reference>6.2-852</reference><reference>6.2-914</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="12">Mergers and Share Exchanges</unit></structure><text>
						<section><p>As used in this article:
		&#x201C;<span class="dictionary">Acquired entity</span>&#x201D; means the <span class="dictionary">domestic</span> or <span class="dictionary">foreign corporation</span> or <span class="dictionary">eligible entity</span> that will have all of one or more classes or series of <span class="dictionary">shares</span> or <span class="dictionary">eligible interests</span> acquired in a share exchange.
		&#x201C;<span class="dictionary">Acquiring entity</span>&#x201D; means the <span class="dictionary">domestic</span> or <span class="dictionary">foreign corporation</span> or <span class="dictionary">eligible entity</span> that will acquire all of one or more classes or series of <span class="dictionary">shares</span> or <span class="dictionary">eligible interests</span> of the <span class="dictionary">acquired entity</span> in a share exchange.
		&#x201C;Merger&#x201D; means a business combination pursuant to &#xA7;&#xA0;<a class="law" title="Merger" href="/13.1-716/">13.1-716</a>.
		&#x201C;<span class="dictionary">New interest holder liability</span>&#x201D; means interest holder liability of a <span class="dictionary">person</span>, resulting from a merger or share exchange, that is (i) in respect of an entity which is different from the entity in which the <span class="dictionary">person</span> held <span class="dictionary">shares</span> or <span class="dictionary">eligible interests</span> immediately before the merger or share exchange became effective or (ii) in respect of the same entity as the one in which the <span class="dictionary">person</span> held <span class="dictionary">shares</span> or <span class="dictionary">eligible interests</span> immediately before the merger or share exchange became effective if (a) the <span class="dictionary">person</span> did not have interest holder liability immediately before the merger or share exchange became effective or (b) the <span class="dictionary">person</span> had interest holder liability immediately before the merger or share exchange became effective, the terms and conditions of which were changed when the merger or share exchange became effective.
		&#x201C;<span class="dictionary">Party to a merger</span>&#x201D; means any <span class="dictionary">domestic</span> or <span class="dictionary">foreign corporation</span> or <span class="dictionary">eligible entity</span> that will merge under a plan of merger. &#x201C;<span class="dictionary">Party to a merger</span>&#x201D; does not include a <span class="dictionary">survivor</span> created by the merger.
		&#x201C;<span class="dictionary">Party to a share exchange</span>&#x201D; means any <span class="dictionary">domestic</span> or <span class="dictionary">foreign corporation</span> or <span class="dictionary">eligible entity</span> that is an <span class="dictionary">acquired entity</span> or an <span class="dictionary">acquiring entity</span> under a plan of share exchange.
		&#x201C;<span class="dictionary">Survivor</span>&#x201D; in a merger means the <span class="dictionary">domestic</span> or <span class="dictionary">foreign corporation</span> or the <span class="dictionary">eligible entity</span> into which one or more other <span class="dictionary">domestic</span> or <span class="dictionary">foreign corporations</span> or eligible entities are merged. A <span class="dictionary">survivor</span> of a merger may preexist the merger or be created by the merger.</p></section></text><history>2005, c. 765; 2019, c. 734.</history><metadata></metadata></law>
