355.636. Effect of merger.
Effect of merger.
355.636. When a merger takes effect:
(1) Every other corporation party to the merger merges intothe surviving corporation and the separate existence of everycorporation except the surviving corporation ceases;
(2) The title to all real estate and other property owned byeach corporation party to the merger is vested in the survivingcorporation without reversion or impairment subject to any andall conditions to which the property was subject prior to themerger;
(3) The surviving corporation has all liabilities andobligations of each corporation party to the merger;
(4) A proceeding pending against any corporation party tothe merger may be continued as if the merger did not occur or thesurviving corporation may be substituted in the proceeding forthe corporation whose existence ceased; and
(5) The articles of incorporation and bylaws of thesurviving corporation are amended to the extent provided in theplan of merger.
(L. 1994 H.B. 1095)Effective 7-1-95