A merger shall be the operation whereby two companies merge to form a single company either
by creating a new company or by one company acquiring the other.
A company, even under liquidation, may be acquired by another company or may participate in
the incorporation of a new company through a merger.
A merger shall entail the universal transfer to the acquiring company or the new company, of
the assets of the company or companies which cease to exist as a result of the merger.
Official translation
Spot-checked
In force from 17 April 1997
Source page 49