Practice question
What happens to a pending action by or against an absorbed constituent corporation after an effective merger?
- It is always dismissed permanently
- It becomes a criminal case automatically
- It may be prosecuted by or against the surviving corporation
- It is transferred to every shareholder individually
- It must await a new corporation formed by the plaintiff
Legal references
- RA11232, Section79: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
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