2005 Minnesota Statutes - 222.10 — Rights and duties of consolidated corporation.

     222.10 Rights and duties of consolidated corporation.  


    Upon the filing for record of these copies, such 
 corporations shall become merged in the new corporation, which 
 shall thereafter be known by the name agreed upon.  Within this 
 state, such corporation shall succeed to all the rights, powers, 
 franchises, contracts, privileges, and immunities, and be 
 subject to the same duties, liabilities, and obligations in all 
 respects as were granted to or imposed upon the original 
 corporations; but all rights of creditors and all liens upon the 
 property of either of the consolidating corporations shall be 
 preserved unimpaired, and all the debts, liabilities, and duties 
 of either shall thenceforth attach to the new corporation, and 
 be enforceable to the same extent and in the same manner as if 
 such debts, liabilities, and duties had been originally incurred 
 by it.  Such corporation shall be subject to the laws of this 
 state and the jurisdiction of its courts in the same manner and 
 to the same extent as domestic corporations.  


    HIST: (7509) RL s 2898