Examples of Amalgamating Corporations in a sentence
All funds or property held by the auxiliary associations of each of the Amalgamating Corporations immediately before the Effective Date of Amalgamation, shall be applied only to the purposes of the auxiliary associations as they were immediately before the Effective Date of Amalgamation.
All rights of creditors against the property, rights, and assets of the Amalgamating Corporations and all liens upon their property, rights and assets, orders, judgments, rulings, or convictions upon their property, rights, and assets, if any, shall be unimpaired by such amalgamation and all debts, contracts, liabilities, and duties of each of the Amalgamating Corporations shall attach to the Amalgamated Corporation and may be enforced against it.
All prior funds of the Amalgamating Corporations subject to internal and external restrictions shall continue to be used for their intended purposes.
Upon amalgamation, the auxiliary associations of each of the Amalgamating Corporations shall be combined.