591.9 Interstate bridges — merger and consolidation.
204 words·~1 min read·
/ia/chapter-591-corporations-legalized/591-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In all cases wherein any corporation organized or purporting to have been organized under the laws of this state for the purpose of constructing or operating a bridge or both, one extremity of which shall rest in an adjacent state, has attempted to merge or consolidate its stock, property, franchises, assets and liabilities with the stock, property, franchises, assets and liabilities of a corporation organized or purporting to have been organized for a similar purpose under the laws of such adjacent state, and such corporations have in fact united and combined their stock, property, franchises, assets and liabilities, such merger or consolidation, together with the action taken in effecting such merger or consolidation, is hereby legalized and validated, and such corporations so merging or consolidating shall be deemed to have become one corporation under such name as shall have been agreed upon, and such corporation shall be deemed on the date of such merger or consolidation to have succeeded to all the property, rights, privileges, assets and franchises and to have assumed all of the liabilities of such merging or consolidating corporations.
[C31, 35, §10413-d2; C39, §10413.3; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §591.9]
Referred to in §591.12