Section 4094 Of Article 9. Merger, Consolidation, Reinsurance, Or Transfer Of Assets And Liabilities From California Insurance Code >> Division 2. >> Part 1. >> Chapter 4. >> Article 9.
4094
. Any plan of merger, consolidation, or other unification under
this article shall provide that all rights and properties of the
parties to the plan of merger, consolidation or other unification
shall accrue to and become the rights and properties of the surviving
or consolidated or continuing corporation which shall succeed to and
assume all the obligations and liabilities of the merged,
consolidating, or transferring corporation in the same manner as if
incurred or contracted by the surviving, consolidated, or continuing
corporation.