Okla. Stat. tit. 18, § 18-1088
This is the official text of Okla. Stat. tit. 18, § 18-1088, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Status, Rights, Liabilities, etc. of Constituent and
Official statutory text
Surviving or Resulting Corporations Following Merger or
Consolidation.
STATUS, RIGHTS, LIABILITIES, ETC. OF CONSTITUENT AND SURVIVING
OR RESULTING CORPORATIONS FOLLOWING MERGER OR CONSOLIDATION
When any merger or consolidation shall have become effective
pursuant to the provisions of the Oklahoma General Corporation Act,
for all purposes of the laws of this state the separate existence of
all the constituent corporations, or of all such constituent
corporations except the one into which the other or others of such
constituent corporations have been merged, as the case may be, shall
cease and the constituent corporations shall become a new
corporation, or be merged into one of such corporations, as the case
may be, possessing all the rights, privileges, powers and franchises
as well of public as of a private nature, and being subject to all
the restrictions, disabilities and duties of each of such
Oklahoma Statutes - Title 18. Corporations Page 441
corporations so merged or consolidated; and all and singular, the
rights, privileges, powers and franchises of each of said
corporations, and all property, real, personal and mixed, and all
debts due to any of said constituent corporations on whatever
account, as well for stock subscriptions as all other things in
action or belonging to each of such corporations shall be vested in
the corporation surviving or resulting from such merger or
consolidation; and all property, rights, privileges, powers and
franchises, and all and every other interest shall be thereafter as
effectually the property of the surviving or resulting corporation
as they were of the several and respective constituent corporations,
and the title to any real estate vested by deed or otherwise, under
the laws of this state, in any of such constituent corporations,
shall not revert or be in any way impaired by reason of the
provisions of the Oklahoma General Corporation Act; but all rights
of creditors and all liens upon any property of any of said
constituent corporations shall be preserved unimpaired, and all
debts, liabilities and duties of the respective constituent
corporations, from that time forward, shall attach to said surviving
or resulting corporation, and may be enforced against it to the same
extent as if said debts, liabilities and duties had been incurred or
contracted by it.
Consolidation.
STATUS, RIGHTS, LIABILITIES, ETC. OF CONSTITUENT AND SURVIVING
OR RESULTING CORPORATIONS FOLLOWING MERGER OR CONSOLIDATION
When any merger or consolidation shall have become effective
pursuant to the provisions of the Oklahoma General Corporation Act,
for all purposes of the laws of this state the separate existence of
all the constituent corporations, or of all such constituent
corporations except the one into which the other or others of such
constituent corporations have been merged, as the case may be, shall
cease and the constituent corporations shall become a new
corporation, or be merged into one of such corporations, as the case
may be, possessing all the rights, privileges, powers and franchises
as well of public as of a private nature, and being subject to all
the restrictions, disabilities and duties of each of such
Oklahoma Statutes - Title 18. Corporations Page 441
corporations so merged or consolidated; and all and singular, the
rights, privileges, powers and franchises of each of said
corporations, and all property, real, personal and mixed, and all
debts due to any of said constituent corporations on whatever
account, as well for stock subscriptions as all other things in
action or belonging to each of such corporations shall be vested in
the corporation surviving or resulting from such merger or
consolidation; and all property, rights, privileges, powers and
franchises, and all and every other interest shall be thereafter as
effectually the property of the surviving or resulting corporation
as they were of the several and respective constituent corporations,
and the title to any real estate vested by deed or otherwise, under
the laws of this state, in any of such constituent corporations,
shall not revert or be in any way impaired by reason of the
provisions of the Oklahoma General Corporation Act; but all rights
of creditors and all liens upon any property of any of said
constituent corporations shall be preserved unimpaired, and all
debts, liabilities and duties of the respective constituent
corporations, from that time forward, shall attach to said surviving
or resulting corporation, and may be enforced against it to the same
extent as if said debts, liabilities and duties had been incurred or
contracted by it.
Status: in_force · Read it on the official government site
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