(a) When any merger or consolidation shall have become effective under this subtitle, for all purposes of the laws of the Commonwealth the separate existence of all the constituent corporations, or of all such constituent corporations except the one into which the other or others of such constituent corporations have been merged, as the case may be, shall cease. The constituent corporations shall become a new corporation, or be merged into one of such corporations, as the case may be, possessing all the rights, privileges, powers, and franchises as well of a public as of a private nature, and being subject to all the restrictions, disabilities and duties of each of such corporations so merged or consolidated. All rights, privileges, powers, and franchises of each of said corporations, and all property, real and personal, and all debts due to any of said constituent corporations on whatever account, as well for stock subscriptions as all other things in action or belonging to each of such corporations shall be vested in the corporation surviving or resulting from such merger or consolidation. t, as well for stock subscriptions as all other things in action or belonging to each of such corporations shall be vested in the corporation surviving or resulting from such merger or consolidation. All property, rights, privileges, powers, and franchises, and without exception, any and all other interest shall be thereafter as effectually the property of the surviving or resulting corporation as they were of the several and respective constituent corporations. The title to any real estate vested by deed or otherwise, under the laws of the Commonwealth, in any of such constituent corporations, shall not revert or be in any way impaired by reason of this section.\nLikewise, all rights of creditors and all liens upon any property of any of said constituent corporations shall be preserved unimpaired. All debts, liabilities, and duties of the respective constituent corporations shall thenceforth attach to said corporation surviving or resulting from the merger or consolidation, and may be enforced against it to the same extent as if said debts, liabilities and duties had been incurred or contracted by it.\nHistory —Dec. 16, 2009, No. 164, § 10.10.
Puerto Rico Legal Code