ARM 42.23.804

42.23.415 TREATMENT OF MERGERS AND CONSOLIDATIONS (1) In the case of a merger of corporations, the surviving corporation may not claim a net operating loss deduction for net operating losses incurred by any of the merged corporations prior to the date of merger. (2) Similarly, in the case of a consolidation of corporations, the new corporate entity may not claim a net operating loss deduction for net operating losses incurred by the dissolved corporations prior to the date of consolidation.