Indiana § 8-1-17.5-11 Legal status of merging or consolidating corporations; property;
liabilities and obligations; pending proceedings; terms not included in
articles

Indiana Statutes

§ 8-1-17.5-11 — Legal status of merging or consolidating corporations; property; liabilities and obligations; pending proceedings; terms not included in articles

Indiana § 8-1-17.5-11

Art. 1UTILITIES GENERALLY

Ch. 17.5Merger or Consolidation of Rural Electric

This text of Indiana § 8-1-17.5-11 (Legal status of merging or consolidating corporations; property; liabilities and obligations; pending proceedings; terms not included in articles) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-1-17.5-11 (2026).

Text

After a merger or consolidation takes effect under section 10(d) of this chapter, the following apply:

(1)If two (2) or more corporations merge into a surviving corporation, the separate existence of each merging corporation ceases upon the effective date of the merger and only the surviving corporation exists.

(2)If a consolidation of two (2) or more corporations occurs, the separate existence of each consolidating corporation ceases upon the effective date of the consolidation and only the successor corporation exists.

(3)The title to real property and other property owned by each merging or consolidating corporation is vested in the surviving corporation or successor corporation without reversion or impairment, subject to any conditions or liens to which the property was subject befo

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After a merger or consolidation takes effect
under section 10(d) of this chapter, the following apply:
(1) If two (2) or more corporations merge into a surviving
corporation, the separate existence of each merging corporation
ceases upon the effective date of the merger and only the
surviving corporation exists.
(2) If a consolidation of two (2) or more corporations occurs, the
separate existence of each consolidating corporation ceases upon
the effective date of the consolidation and only the successor
corporation exists.
(3) The title to real property and other property owned by each
merging or consolidating corporation is vested in the surviving
corporation or successor corporation without reversion or
impairment, subject to any conditions or liens to which the
property was subject before the merger or consolidation.
(4) The surviving corporation or successor corporation assumes
all liabilities and obligations of each merging or consolidating
corporation.
(5) A proceeding that:
(A) is initiated against a merging or consolidating corporation
before the merger or consolidation becomes effective under
section 10(d) of this chapter; and
(B) has not been resolved at the time the merger or
consolidation becomes effective under section 10(d) of this
chapter;
may be continued as if the merger or consolidation did not occur,
or the surviving corporation or successor corporation may be
substituted in the proceeding for the corporation whose existence
ceases under subdivision (1) or (2) at the time the merger
becomes effective under section 10(d) of this chapter.
(6) Any terms of the plan of merger or consolidation that are not
included in the articles of merger or consolidation filed with the
secretary of state under section 10 of this chapter are considered
contract rights only and are not considered part of the governing
document of the surviving corporation or successor corporation.