2019 US Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 1 - General Corporation Law
Subchapter IX - Merger or Consolidation
§ 253. Status, rights, liabilities, etc., of constituent and surviving corporations

When an agreement of consolidation or merger shall have been signed, acknowledged and filed, in accordance with the requirements of this chapter, for all purposes of the laws of the United States Virgin Islands the separate existence of all the constituent corporations, parties to said agreement, in the case of consolidation, or of all such constituent corporations except the one in which the other or others of such constituent corporations have been merged, in the case of merger, shall cease and the constituent corporations shall become a new corporation, or be merged into one of such corporations, in the case of merger, in accordance with the provisions of said agreement, possessing all the rights, privileges, powers and franchises of a public as well as of a private nature, and being subject to all the restrictions, disabilities and duties of each of such corporations so consolidated or merged, and all and singular the rights, privileges, powers and franchises of each of said corporations, and all property, real and personal, 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 resulting from or surviving such consolidation or merger; and all property, rights, privileges, powers and franchises, and all and every other interest shall be thereafter as effectually the property of the resulting or surviving corporation as they were of the several and respective constituent corporations, and the title to any real property vested by deed or otherwise, under the laws of the United States Virgin Islands, in any such constituent corporations, shall not revert or be in any way impaired by reason of this chapter; 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 shall thenceforth attach to said resulting or surviving 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.