§ 17-19-1105 — Effect of merger

(a) When a merger takes effect:
(i) Every other corporation party to the merger
merges into the surviving corporation and the separate existence
of every corporation except the surviving corporation ceases;
(ii) The title to all real estate and other property
owned by each corporation party to the merger is vested in the
surviving corporation without reversion or impairment subject to
any and all conditions to which the property was subject prior
to the merger;
(iii) The surviving corporation has all liabilities
and obligations of each corporation party to the merger;
(iv) A proceeding pending against any corporation
party to the merger may be continued as if the merger did not
occur or the surviving corporation may be substituted in the
proceeding for the corporation whose existence ceased; and
(v) The articles of incorporation and bylaws of the
surviving corporation are amended to the extent provided in the
plan of merger.