16:1-43.8 - Vested rights and privileges of constituent corporations; continuation of corporate existence
16:1-43.8.Ā Vested rights and privileges of constituent corporations; continuation of corporate existence
Nothing herein contained shall impair, annul or affect any vested rights, charter rights, privileges, exemptions, immunities, powers, prerogatives, franchises or advantages heretofore obtained and actually used or enjoyed by either constituent corporation under authority of any act of this State.
Neither constituent corporation shall be dissolved nor shall its existence be terminated by reason of the consolidation, but it shall continue to exist inĀ the consolidated corporation, which shall succeed to and continue to have andĀ enjoy unimpaired the several rights, charter rights, privileges, exemptions,Ā immunities, powers, prerogatives, franchises and advantages of the constituentĀ corporations, consistently with the provisions of this act and of theĀ consolidation agreement.
L.1944, c. 143, p. 386, s. 8.
Ā
Nothing herein contained shall impair, annul or affect any vested rights, charter rights, privileges, exemptions, immunities, powers, prerogatives, franchises or advantages heretofore obtained and actually used or enjoyed by either constituent corporation under authority of any act of this State.
Neither constituent corporation shall be dissolved nor shall its existence be terminated by reason of the consolidation, but it shall continue to exist inĀ the consolidated corporation, which shall succeed to and continue to have andĀ enjoy unimpaired the several rights, charter rights, privileges, exemptions,Ā immunities, powers, prerogatives, franchises and advantages of the constituentĀ corporations, consistently with the provisions of this act and of theĀ consolidation agreement.
L.1944, c. 143, p. 386, s. 8.
Ā