Section 181.1107. Merger with foreign corporation or foreign stock corporation.

 

(1)   When permitted. One or more foreign corporations or foreign stock corporations may merge with one or more domestic corporations if all of the following conditions are met:

(a) The merger is permitted by the law of the state or country under whose law each foreign corporation or stock corporation is incorporated and each foreign corporation or stock corporation complies with that law in effecting the merger.

(b) The foreign corporation or stock corporation complies with s. 181.1105 if it is the surviving corporation of the merger.

(c) Each domestic corporation complies with the applicable provisions of ss. 181.1101 and 181.1103 and, if it is the surviving corporation of the merger, with s. 181.1105 .

(2)   Effect of merger. Upon the merger taking effect, any surviving foreign business entity is deemed to have irrevocably appointed the department as its agent for service of process in any proceeding brought against it.

1997 a. 79 ; 2001 a. 44 .