Section 293-A:11.03 - Share Exchange(a) Through a share exchange:(1) a domestic corporation may acquire all of the shares of one or more classes or series of shares of another domestic or foreign corporation, or all of the interests of one or more classes or series of interests of a domestic or foreign eligible entity, in exchange for shares or other securities, interests, obligations, rights to acquire shares or other securities, cash, other property, or any combination of the foregoing, pursuant to a plan of share exchange, or(2) all of the shares of one or more classes or series of shares of a domestic corporation may be acquired by another domestic or foreign corporation or eligible entity, in exchange for shares or other securities, interests, obligations, rights to acquire shares or other securities, cash, other property, or any combination of the foregoing, pursuant to a plan of share exchange.(b) A foreign corporation or eligible entity may be a party to a share exchange only if the share exchange is permitted by the law under which the corporation or eligible entity is organized or by which it is governed.(c) If the organic law of a domestic eligible entity does not provide procedures for the approval of a share exchange, a plan of share exchange may be adopted and approved, and the share exchange effectuated, in accordance with the procedures, if any, for a merger. If the organic law of a domestic eligible entity does not provide procedures for the approval of either a share exchange or a merger, a plan of share exchange may be adopted and approved, the share exchange effectuated, and appraisal rights exercised, in accordance with the procedures in this subdivision and RSA 293-A:13.01 through RSA 293-A:13.40. For the purposes of applying this subdivision and RSA 293-A:13.01 through RSA 293-A:13.40: (1) the eligible entity, its interest holders, interests and organic documents taken together shall be deemed to be a domestic business corporation, shareholders, shares, and articles of incorporation, respectively and vice versa as the context may require; and(2) if the business and affairs of the eligible entity are managed by a group of persons that is not identical to the interest holders, that group shall be deemed to be the board of directors.(d) The plan of share exchange must include:(1) the name of each corporation or eligible entity whose shares or interests will be acquired and the name of the corporation or eligible entity that will acquire those shares or interests;(2) the terms and conditions of the share exchange;(3) the manner and basis of exchanging shares of a corporation or interests in an eligible entity whose shares or interests will be acquired under the share exchange into shares or other securities, interests, obligations, rights to acquire shares, other securities, or interests, cash, other property, or any combination of the foregoing; and(4) any other provisions required by the laws under which any party to the share exchange is organized or by the articles of incorporation or organic document of any such party.(e) Terms of a plan of share exchange may be made dependent on facts objectively ascertainable outside the plan in accordance with RSA 293-A:1.20(j).(f) The plan of share exchange may also include a provision that the plan may be amended prior to filing articles of share exchange, but if the shareholders of a domestic corporation that is a party to the share exchange are required or permitted to vote on the plan, the plan must provide that subsequent to approval of the plan by such shareholders the plan may not be amended to change:(1) the amount or kind of shares or other securities, interests, obligations, rights to acquire shares, other securities or interests, cash, or other property to be issued by the corporation or to be received under the plan by the shareholders of or owners of interests in any party to the share exchange; or(2) any of the other terms or conditions of the plan if the change would adversely affect such shareholders in any material respect.(g)RSA 293-A:11.03 does not limit the power of a domestic corporation to acquire shares of another corporation or interests in another eligible entity in a transaction other than a share exchange.Entire chapter repealed and reenacted by 2013 , 142: 1, eff. 1/1/2014. 2013, 142 : 1 , eff. Jan. 1, 2014.