Practice question
What happens to creditors' rights and liens on constituent property in a merger or consolidation?
- They automatically disappear
- They are not impaired by the merger or consolidation
- They become directors' personal property
- They expire solely because the name changes
- Only foreign creditors retain them
Legal references
- RA11232, Section79: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
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