17-5551. Same; rights and obligations of reorganizing association inure to benefit of reorganized association.
17-5551
17-5551. Same; rights and obligations of reorganizing association inure to
benefit of reorganized association.
All rights of and obligations to, any reorganizing association shall
inure to the benefits of the reorganized association and be enforceable by
it and in its name, and any demands, claims or rights of action against any
reorganizing association may be enforced against the reorganized
association as fully and completely as they might have been enforced
theretofore, and all deeds, notes, mortgages, contracts, judgments,
transactions and proceedings whatsoever, theretofore made, received,
entered into, carried on or done by the association before the
reorganization shall be as good, valid and effectual for and against the
reorganized association as if such reorganization had never taken place.
History: L. 1943, ch. 133, § 129; July 1.