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In the case of a merger, the articles of merger shall set forth (i) the name and state or country of incorporation of each merging corporation, (ii) the name of the merging corporation that will survive the merger and, if the surviving corporation is not authorized to transact business or conduct affairs in this State, ...
The merger proposal must be approved by the boards of directors of both companies. Furthermore, they must pass a special resolution authorizing their Key Management Personnel to carry out the process. Post this, an application is filed with the respective jurisdiction's High Court (?HC?).
North Carolina law states, ?Each driver entering the defined merging area shall adjust their vehicle's speed and lateral position to avoid collision with another vehicle, having due regard for the speed of other vehicles and the condition of the highway.? Vehicles that approach a merge area in their own lanes at the ...