Indiana § 8-4-16-4 Survival of actions; creditors' rights; liens; survival

Indiana Statutes

§ 8-4-16-4 — Survival of actions; creditors' rights; liens; survival

Indiana·Art. 4 ORGANIZATION AND OPERATION OF·Ch. 16 Consolidation of Certain Railroads

The rights of all creditors of, and all liens upon
the property of, any of such companies, parties to such consolidation
or merger, shall be preserved unimpaired, and the respective
companies shall be deemed to continue in existence to preserve the
same, and all debts and liabilities incurred by any of such companies
shall thenceforth attach to such new or surviving company, and be
enforceable against it and its property to the same extent as if incurred
or contracted by it. No actions or proceedings in which any of said such
companies is a party shall abate or be discontinued by reason of such
consolidation or merger, but may be conducted to final judgment in the
name of such company, or such new or surviving company may be, by
order of the court, on motion substituted as a party.
Formerl

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The rights of all creditors of, and all liens upon
the property of, any of such companies, parties to such consolidation
or merger, shall be preserved unimpaired, and the respective
companies shall be deemed to continue in existence to preserve the
same, and all debts and liabilities incurred by any of such companies
shall thenceforth attach to such new or surviving company, and be
enforceable against it and its property to the same extent as if incurred
or contracted by it. No actions or proceedings in which any of said such
companies is a party shall abate or be discontinued by reason of such
consolidation or merger, but may be conducted to final judgment in the
name of such company, or such new or surviving company may be, by
order of the court, on motion substituted as a party.
Formerly: Acts 1937, c.59, s.4.

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