Okla. Stat. tit. 18, § 18-441-1610
This is the official text of Okla. Stat. tit. 18, § 18-441-1610, 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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Effect of merger
Official statutory text
EFFECT OF MERGER.
(a) When a merger becomes effective:
(1) The surviving entity continues or comes into existence;
(2) Each constituent entity that merges into the surviving
entity ceases to exist as a separate entity;
(3) All property owned by each constituent entity that ceases
to exist vests in the surviving entity;
(4) All debts, liabilities, and other obligations of each
constituent entity that ceases to exist continue as obligations of
the surviving entity;
(5) An action or proceeding pending by or against any
constituent entity that ceases to exist may be continued as if the
merger had not occurred;
Oklahoma Statutes - Title 18. Corporations Page 234
(6) Except as prohibited by law other than the Uniform Limited
Cooperative Association Act of 2009, all rights, privileges,
immunities, powers, and purposes of each constituent entity that
ceases to exist vest in the surviving entity;
(7) Except as otherwise provided in the plan of merger, the
terms and conditions of the plan take effect;
(8) Except as otherwise provided in the plan of merger, if a
merging limited cooperative association ceases to exist, the merger
does not dissolve the association for purposes of Article 12 of this
act;
(9) If the surviving entity is created by the merger and:
(A) is a limited cooperative association, the articles of
organization become effective; or
(B) is an entity other than a limited cooperative
association, the organizational document that creates
the entity becomes effective; and
(10) If the surviving entity is not created by the merger, any
amendments made by the articles of merger for the organizational
documents of the surviving entity become effective.
(b) A surviving entity that is an entity organized under the
laws of a jurisdiction other than this state consents to the
jurisdiction of the courts of this state to enforce any obligation
owed by the constituent entity if, before the merger, the
constituent entity was subject to suit in this state on the
obligation. A surviving entity that is an entity organized under
the laws of a jurisdiction other than this state and not authorized
to transact business in this state appoints the Secretary of State
as its agent for service of process for purposes of enforcing an
obligation under this subsection. Service on the Secretary of State
under this subsection is made in the same manner and with the same
consequences as in subsections (c) and (d) of Section 20 of this
act.
(a) When a merger becomes effective:
(1) The surviving entity continues or comes into existence;
(2) Each constituent entity that merges into the surviving
entity ceases to exist as a separate entity;
(3) All property owned by each constituent entity that ceases
to exist vests in the surviving entity;
(4) All debts, liabilities, and other obligations of each
constituent entity that ceases to exist continue as obligations of
the surviving entity;
(5) An action or proceeding pending by or against any
constituent entity that ceases to exist may be continued as if the
merger had not occurred;
Oklahoma Statutes - Title 18. Corporations Page 234
(6) Except as prohibited by law other than the Uniform Limited
Cooperative Association Act of 2009, all rights, privileges,
immunities, powers, and purposes of each constituent entity that
ceases to exist vest in the surviving entity;
(7) Except as otherwise provided in the plan of merger, the
terms and conditions of the plan take effect;
(8) Except as otherwise provided in the plan of merger, if a
merging limited cooperative association ceases to exist, the merger
does not dissolve the association for purposes of Article 12 of this
act;
(9) If the surviving entity is created by the merger and:
(A) is a limited cooperative association, the articles of
organization become effective; or
(B) is an entity other than a limited cooperative
association, the organizational document that creates
the entity becomes effective; and
(10) If the surviving entity is not created by the merger, any
amendments made by the articles of merger for the organizational
documents of the surviving entity become effective.
(b) A surviving entity that is an entity organized under the
laws of a jurisdiction other than this state consents to the
jurisdiction of the courts of this state to enforce any obligation
owed by the constituent entity if, before the merger, the
constituent entity was subject to suit in this state on the
obligation. A surviving entity that is an entity organized under
the laws of a jurisdiction other than this state and not authorized
to transact business in this state appoints the Secretary of State
as its agent for service of process for purposes of enforcing an
obligation under this subsection. Service on the Secretary of State
under this subsection is made in the same manner and with the same
consequences as in subsections (c) and (d) of Section 20 of this
act.
Status: in_force · Read it on the official government site
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