dissolutionmerger
Dissolution merger is a form of corporate reorganization in which one or more corporations cease to exist as separate entities and are combined into a surviving or newly formed corporation through a merger or consolidation. The term emphasizes the dissolution of the merging entities as part of the process, with their assets and liabilities transferred to the surviving company. In practice it can take the form of a statutory merger (one entity survives) or a statutory consolidation (a new entity is formed and all dissolving entities merge into it). The dissolution of the merging entities is not complete until the surviving or new entity is created and the transfer of assets and liabilities is effected.
Process typically begins with a plan of merger, followed by approvals from the boards of the involved
Legal effects usually include the continuation of the surviving entity notwithstanding the dissolution of others; all