Section 682 Introduction to Chapter

conditions A to D,

in the case of a merger within subsection (2)(a), (b) or (c), condition E, and

in the case of a merger within subsection (2)(c) or (d), condition F,

an SE is formed by the merger of two or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of Council Regulation (EC) No. 2157/2001 on the Statute for a European company (Societas Europaea),

an SCE is formed by the merger of two or more co-operative societies, at least one of which is a society registered under F1the Co-operative and Community Benefit Societies Act 2014, in accordance with Articles 2(1) and 19 of Council Regulation (EC) No. 1435/2003 on the Statute for a European Co-operative Society (SCE),

a merger is effected by the transfer by one or more companies of all their assets and liabilities to a single existing company, or

a merger is effected by the transfer by two or more companies of all their assets and liabilities to a single new company (other than an SE or an SCE) in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures.

the transfer of assets and liabilities to the transferee in the course of the merger is made in exchange for the issue of shares or debentures by the transferee to each person holding shares in or debentures of a transferor, or

that transfer is not so made only because, and only so far as, the transferee is prevented from so issuing such shares or debentures by section 658 of the Companies Act 2006 (c. 46) (general rule against limited company acquiring own shares) or by a corresponding provision of the law of F4a member State preventing such an issue.

“the merger” and “the merging companies” have the same meaning as in this section

“relevant state” means the United Kingdom or a member State.

section 683 for the meaning of “the transferee” and “transferor”, and

section 688 for the meaning of “company”, “co-operative society” and “resident in a F7relevant state”.