Section 3-103 - Consideration for Stock or Assets

In a consolidation, merger, or share exchange, stock in a corporation may be exchanged for or converted into and, in a transfer of assets, assets may be transferred in consideration of any one or more of the following: (1) Stock, evidence of indebtedness, partnership or limited liability company interests, or other securities of the successor or any other corporation or entity, whether or not a party to the transaction; (2) Other tangible or intangible property; (3) Money; and (4) Any other consideration.