370.357. When the merger or consolidation has been effected:
(1) The several credit unions parties to the plan of mergeror consolidation shall be a single credit union which, in thecase of a merger, shall be that credit union designated in theplan of merger as the surviving credit union, and, in the case ofconsolidation, shall be the new credit union provided for in theplan of consolidation;
(2) The separate existence of all credit union parties tothe plan of merger or consolidation, except the surviving or newcredit union, shall cease;
(3) The surviving or new credit union shall have all therights, privileges, immunities, and powers, and shall be subjectto all the duties and liabilities of a new credit union;
(4) The surviving or new credit union shall thereupon andthereafter possess all the rights, privileges, immunities, andfranchises of each of the merging or consolidating credit unions;and all property, real, personal, and mixed, and all debts due onwhatever account, loans, and all other choses in action, and alland every other interest of or belonging to or due to each of thecredit unions so merged or consolidated, shall be taken anddeemed to be transferred to and vested in the single creditunion, without further act or deed; and the title to any realestate, or any interest therein, under the laws of this state,vested in any of the credit unions, shall not revert or be in anyway impaired by reason of the merger or consolidation;
(5) The surviving or new credit union shall thenceforth beresponsible and liable for all the liabilities and obligations ofeach of the credit unions so merged or consolidated; and anyclaim existing or action or proceeding pending by or against anyof such credit unions may be prosecuted to judgment as if themerger or consolidation had not taken place, or the surviving ornew credit union may be substituted in its place; neither therights of creditors nor any liens upon the property of any of thecorporations shall be impaired by the merger or consolidation;
(6) In case of a merger, the articles of agreement and thebylaws of the surviving credit union shall be deemed to beamended to the extent, if any, that changes in its articles arestated in the articles of merger; and, in the case of aconsolidation, the statement set forth in the articles ofconsolidation, and which are required or permitted to be setforth in the bylaws of credit unions, shall be deemed to be thearticles of agreement of the new credit union.
370.357. When the merger or consolidation has been effected:
(1) The several credit unions parties to the plan of mergeror consolidation shall be a single credit union which, in thecase of a merger, shall be that credit union designated in theplan of merger as the surviving credit union, and, in the case ofconsolidation, shall be the new credit union provided for in theplan of consolidation;
(2) The separate existence of all credit union parties tothe plan of merger or consolidation, except the surviving or newcredit union, shall cease;
(3) The surviving or new credit union shall have all therights, privileges, immunities, and powers, and shall be subjectto all the duties and liabilities of a new credit union;
(4) The surviving or new credit union shall thereupon andthereafter possess all the rights, privileges, immunities, andfranchises of each of the merging or consolidating credit unions;and all property, real, personal, and mixed, and all debts due onwhatever account, loans, and all other choses in action, and alland every other interest of or belonging to or due to each of thecredit unions so merged or consolidated, shall be taken anddeemed to be transferred to and vested in the single creditunion, without further act or deed; and the title to any realestate, or any interest therein, under the laws of this state,vested in any of the credit unions, shall not revert or be in anyway impaired by reason of the merger or consolidation;
(5) The surviving or new credit union shall thenceforth beresponsible and liable for all the liabilities and obligations ofeach of the credit unions so merged or consolidated; and anyclaim existing or action or proceeding pending by or against anyof such credit unions may be prosecuted to judgment as if themerger or consolidation had not taken place, or the surviving ornew credit union may be substituted in its place; neither therights of creditors nor any liens upon the property of any of thecorporations shall be impaired by the merger or consolidation;
(6) In case of a merger, the articles of agreement and thebylaws of the surviving credit union shall be deemed to beamended to the extent, if any, that changes in its articles arestated in the articles of merger; and, in the case of aconsolidation, the statement set forth in the articles ofconsolidation, and which are required or permitted to be setforth in the bylaws of credit unions, shall be deemed to be thearticles of agreement of the new credit union.
370.357. When the merger or consolidation has been effected:
(1) The several credit unions parties to the plan of mergeror consolidation shall be a single credit union which, in thecase of a merger, shall be that credit union designated in theplan of merger as the surviving credit union, and, in the case ofconsolidation, shall be the new credit union provided for in theplan of consolidation;
(2) The separate existence of all credit union parties tothe plan of merger or consolidation, except the surviving or newcredit union, shall cease;
(3) The surviving or new credit union shall have all therights, privileges, immunities, and powers, and shall be subjectto all the duties and liabilities of a new credit union;
(4) The surviving or new credit union shall thereupon andthereafter possess all the rights, privileges, immunities, andfranchises of each of the merging or consolidating credit unions;and all property, real, personal, and mixed, and all debts due onwhatever account, loans, and all other choses in action, and alland every other interest of or belonging to or due to each of thecredit unions so merged or consolidated, shall be taken anddeemed to be transferred to and vested in the single creditunion, without further act or deed; and the title to any realestate, or any interest therein, under the laws of this state,vested in any of the credit unions, shall not revert or be in anyway impaired by reason of the merger or consolidation;
(5) The surviving or new credit union shall thenceforth beresponsible and liable for all the liabilities and obligations ofeach of the credit unions so merged or consolidated; and anyclaim existing or action or proceeding pending by or against anyof such credit unions may be prosecuted to judgment as if themerger or consolidation had not taken place, or the surviving ornew credit union may be substituted in its place; neither therights of creditors nor any liens upon the property of any of thecorporations shall be impaired by the merger or consolidation;
(6) In case of a merger, the articles of agreement and thebylaws of the surviving credit union shall be deemed to beamended to the extent, if any, that changes in its articles arestated in the articles of merger; and, in the case of aconsolidation, the statement set forth in the articles ofconsolidation, and which are required or permitted to be setforth in the bylaws of credit unions, shall be deemed to be thearticles of agreement of the new credit union.
