§ 3023.
65 words·~1 min read·
/vt/title-30/chapter-81/3023A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 3023. Transfer of rights and liabilities
All the rights, privileges, immunities, and franchises and all property, real and personal, including applications for membership, all debts due on whatever account, and all other choses in action, of each of the consolidating or merger cooperatives shall be deemed to be transferred to and vested in the new or surviving cooperative respectively, without further act or deed.