Under existing law, one or more corporations may merge into another corporation.
This bill would provide for a share exchange between two corporations whereby a corporation may acquire all of the outstanding shares of one or more classes or series of stock of another corporation.
Pending third reading on day 21 Favorable from Governmental Affairs
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Governmental Affairs
Motion to Read a Third Time and Pass adopted Roll Call 297
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Commerce and Small Business
Source: Alabama Legislature