Indiana Code Title 36. Local Government § 36-4-2-16

(1) has all the rights, powers, privileges, immunities, and obligations of the merging municipalities;

(2) is liable for all the debts, contracts, and liabilities of the merging municipalities;

(3) is entitled to all the rights, credits, monies, and properties of the merging municipalities;  and

(4) may, in the name adopted in the merger, sue and be sued in relation to the debts, contracts, liabilities, rights, credits, monies, and properties of the merging municipality.