125Upon the date set forth in the certificate of amalgamation,
(a)
the amalgamation becomes effective and the amalgamating corporations are amalgamated and continue as one corporation under the terms and conditions prescribed in the amalgamation agreement;
(b)
the amalgamated corporation possesses all the property, rights, privileges and franchises and is subject to all liabilities, including civil, criminal and administrative, all contracts, disabilities and debts of each of the amalgamating corporations;
(c)
a conviction against, or ruling, order or judgment in favour of or against an amalgamating corporation may be enforced by or against the amalgamated corporation;
(d)
the articles of amalgamation shall be deemed to be the articles of incorporation of the amalgamated corporation and, except for the purposes of subsection 7(1), the certificate of amalgamation shall be deemed to be the certificate of incorporation of the amalgamated corporation; and
(e)
the amalgamated corporation shall be deemed to be the party plaintiff or the party defendant, as the case may be, in any civil action commenced by or against an amalgamating corporation before the amalgamation has become effective.
125Upon the date set forth in the certificate of amalgamation,
(a)
the amalgamation becomes effective and the amalgamating corporations are amalgamated and continue as one corporation under the terms and conditions prescribed in the amalgamation agreement;
(b)
the amalgamated corporation possesses all the property, rights, privileges and franchises and is subject to all liabilities, including civil, criminal and administrative, all contracts, disabilities and debts of each of the amalgamating corporations;
(c)
a conviction against, or ruling, order or judgment in favour of or against an amalgamating corporation may be enforced by or against the amalgamated corporation;
(d)
the articles of amalgamation shall be deemed to be the articles of incorporation of the amalgamated corporation and, except for the purposes of subsection 4(1), the certificate of amalgamation shall be deemed to be the certificate of incorporation of the amalgamated corporation; and
(e)
the amalgamated corporation shall be deemed to be the party plaintiff or the party defendant, as the case may be, in any civil action commenced by or against an amalgamating corporation before the amalgamation has become effective.
125Upon the date set forth in the certificate of amalgamation,
(a)
the amalgamation becomes effective and the amalgamating corporations are amalgamated and continue as one corporation under the terms and conditions prescribed in the amalgamation agreement;
(b)
the amalgamated corporation possesses all the property, rights, privileges and franchises and is subject to all liabilities, including civil, criminal and administrative, all contracts, disabilities and debts of each of the amalgamating corporations;
(c)
a conviction against, or ruling, order or judgment in favour of or against an amalgamating corporation may be enforced by or against the amalgamated corporation;
(d)
the articles of amalgamation shall be deemed to be the articles of incorporation of the amalgamated corporation and, except for the purposes of subsection 4(1), the certificate of amalgamation shall be deemed to be the certificate of incorporation of the amalgamated corporation; and
(e)
the amalgamated corporation shall be deemed to be the party plaintiff or the party defendant, as the case may be, in any civil action commenced by or against an amalgamating corporation before the amalgamation has become effective.