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A. The corporation or other eligible entity that is | designated in the plan of merger as the survivor continues or | comes into existence, as the case may be; |
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| B. The separate existence of every corporation or other | eligible entity that is merged into the survivor ceases; |
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| C. All property owned by and every contract right possessed | by each corporation or other eligible entity that merges | into the survivor is vested in the survivor without | reversion or impairment; |
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| D. All liabilities of each corporation or other eligible | entity that is merged into the survivor are vested in the | survivor; |
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| E. The name of the survivor may but need not be substituted | in any pending proceeding for the name of any party to the | merger whose separate existence ceased in the merger; |
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| F. The articles of incorporation or organizational | documents of the survivor are amended to the extent provided | in the plan of merger; |
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| G. The articles of incorporation or organizational | documents of a survivor that is created by the merger become | effective; and |
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| H. The shares of each corporation that is a party to the | merger and the eligible interests in an other eligible | entity that is a party to a merger that are to be converted | under the plan of merger into shares, eligible interests, | obligations, rights to acquire securities shares, other | securities or eligible interests, cash or other property or | any combination thereof are converted, and the former | holders of the shares or eligible interests are entitled | only to the rights provided to them in the plan of merger or | to any rights they may have under chapter 13 or the organic | law of the eligible entity. |
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| | 2. Share exchange. When a share exchange becomes effective, | the shares of each domestic corporation that are to be exchanged | for shares or, other securities, eligible interests, obligations, | rights to acquire shares or other securities or eligible | interests, cash or other property or any combination thereof are | entitled only to the rights provided to them in the plan of share | exchange or to any rights they may have under chapter 13. |
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