LD 1609
pg. 130
Page 129 of 146 PUBLIC Law Chapter 543 Page 131 of 146
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LR 1469
Item 1

 
D.__All debts, liabilities and other obligations of each
constituent organization that ceases to exist continue as
obligations of the surviving organization;

 
E.__An action or proceeding pending by or against any
constituent organization that ceases to exist may be
continued as if the merger had not occurred;

 
F.__Except as prohibited by other law, all of the rights,
privileges, immunities, powers and purposes of each
constituent organization that ceases to exist vest in the
surviving organization;

 
G.__Except as otherwise provided in the plan of merger, the
terms and conditions of the plan of merger take effect;

 
H.__Except as otherwise agreed, if a constituent limited
partnership ceases to exist, the merger does not dissolve
the limited partnership for the purposes of subchapter 8;

 
I.__If the surviving organization is created by the merger:

 
(1)__If the surviving organization is a limited
partnership, the certificate of limited partnership
becomes effective; or

 
(2)__If the surviving organization is an organization
other than a limited partnership, the organizational
document that creates the organization becomes
effective; and

 
J.__If the surviving organization preexists the merger, any
amendments provided for in the articles of merger for the
organizational document that created the organization become
effective.

 
2.__Foreign organization.__A surviving organization that is a
foreign organization consents to the jurisdiction of the courts
of this State to enforce any obligation owed by a constituent
organization, if before the merger the constituent organization
was subject to suit in this State on the obligation. A surviving
organization that is a foreign organization and not authorized to
transact business in this State appoints the Secretary of State
as its agent for service of process for the purposes of enforcing
an obligation under this subsection. Service on the Secretary of
State under this subsection is made in the same manner and with
the same consequences as in section 1317, subsections 3 and 4.

 
§1440.__Restrictions on approval of conversions and mergers and

 
on relinquishing limited liability limited partnership


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