Delaware Code Title 8 Sec. 261 – Effect of merger upon pending actions
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Any action or proceeding, whether civil, criminal or administrative, pending by or against any corporation which is a party to a merger or consolidation shall be prosecuted as if such merger or consolidation had not taken place, or the corporation surviving or resulting from such merger or consolidation may be substituted in such action or proceeding.
8 Del. C. 1953, § ?261; 56 Del. Laws, c. 50.;
Terms Used In Delaware Code Title 8 Sec. 261
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.