Merger And Consolidation Details

Summary

Sections 75 and 76 of the Revised Corporation Code of the Philippines detail the merger and consolidation process. Section 75 requires a merger plan approved by the majority of the board and 2/3 of the capital stock or members, with necessary documents filed with the SEC. Section 76 explains that the merged entity inherits all rights, properties, and liabilities, while preserving creditors rights and liens. The surviving corporation is considered a new entity.

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Merger and consolidation ****
It seems there might be some confusion. Sections * and * of the Revised Penal Code (RCC) deal with falsification. If you meant the Revised Corporation Code (RCC), Sections * and * cover merger and consolidation. Could you confirm if you are referring to the Revised Corporation Code?
yes revised corporation code
Sections * and * of the Revised Corporation Code of the Philippines pertain to merger and consolidation.
- Section *: Outlines the procedure and requirements for mergers.
- Section *: Details the effects of mergers and consolidations, including the transfer of all rights, properties, and liabilities.
Do you need information on the process or legal implications of a merger or consolidation?
yes
- Section *: Outlines the procedure and requirements for mergers.
- Section *: Details the effects of mergers and consolidations, including the transfer of all rights, properties, and liabilities.
Do you need specific details on the procedure, requirements, or legal implications of the merger or consolidation process?
yes i need more specific details on revised corporation code section * and *
Sure, here's a more detailed explanation of Sections * and * of the Revised Corporation Code of the Philippines:
- Section *: Procedure and Requirements for Mergers
- A plan of merger must be approved by the majority of the board of directors or trustees of each corporation.
- The plan must include terms and conditions, mode of carrying the merger, and a statement of any amendments to the articles of incorporation.
- The plan must be approved by at least */* of the outstanding capital stock or */* of the members of each corporation.
- Necessary documents must be filed with the Securities and Exchange Commission (SEC).
- Section *: Effects of Mergers and Consolidations
- The merged or consolidated corporation inherits all rights, properties, and liabilities of the constituent corporations.
- All rights of creditors and liens upon any property of the constituent corporations are preserved unimpaired.
- The surviving or consolidated corporation is considered a new entity.
Is there a specific part of these sections you need more detailed information on?
explanation for **** merger and consolidation
Section * & * of the Revised Corporation Code (RCC) of the Philippines:
Section *: Procedure and Requirements for Mergers
- Plan of merger approved by majority of board of directors/trustees.
- Includes terms, conditions, and articles of incorporation amendments.
- Approved by at least */* of outstanding capital stock/members.
- Documents filed with SEC.
Section *: Effects of Mergers and Consolidations
- Inherits all rights, properties, and liabilities.
- Rights of creditors and liens preserved.
- New entity status for surviving/consolidated corporation.
Do you need more details on any specific part?