Maine Revised Statutes Title 31. Partnerships and Associations § 1644. Effect of merger

A. The surviving organization continues or comes into existence;

B. Each constituent organization that merges into the surviving organization ceases to exist as a separate entity;

C. All property owned by each constituent organization that ceases to exist vests in the surviving organization;

D. All debts, obligations or other liabilities of each constituent organization that ceases to exist continue as debts, obligations or other liabilities of the surviving organization;

E. An action or proceeding pending by or against any constituent organization that ceases to exist may be continued as if the merger had not occurred, and the surviving organization may be, but need not be, substituted in the action;

F. Except as prohibited by other law, all of the rights, privileges, immunities, powers and purposes of each constituent organization that ceases to exist vest in the surviving organization;

G. Except as otherwise provided in the plan of merger, the terms and conditions of the plan of merger take effect;

H. Except as otherwise agreed, if a constituent limited liability company ceases to exist, the merger does not dissolve the limited liability company for the purposes of subchapter 8;

I. If the surviving organization is created by the merger:

J. If the surviving organization existed before the merger, any amendments provided for in the statement of merger for the organizational document that created the surviving organization become effective.