Divisive Mergers Overview and Comparison Chart (DE, TX)

Summary

This chart compares the laws regarding entity divisions and divisive mergers (i.e., a merger which results in the division of an existing entity into two or more new entities, or the division of an existing entity into a surviving existing entity and one or more new entities) in Delaware and Texas. This chart includes an overview of entities permitted to engage in a division or divisive merger, permitting surviving or resulting entities; the documents required to effect a divisive merger; the approvals required to effect the transaction; the effects of a divisive merger on the participating and surviving entities' assets, rights, and liabilities; and the availability of statutory appraisal rights.