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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>67958</law_id><section_number>13.1-894</section_number><catch_line>Merger</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-893.1</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="10">Virginia Nonstock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="11">Merger</unit></structure><text>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> The <span class="dictionary">survivor</span>&#x2019;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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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>&#x2019;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>&#x2019;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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section></text><history>Code 1950, &#xA7; 13.1-240; 1956, c. 428; 1985, c. 522; 2007, c. 925; 2008, c. 509; 2015, c. 611; 2021, Sp. Sess. I, c. 487.</history><metadata></metadata></law>
