123. The new legal person resulting from the amalgamation or conversion shall, under the new name granted to it by the letters patent, have all the rights, acquire all the property and assume all the obligations of the amalgamated legal persons or of the converted legal person and proceedings in which these legal persons are parties may be continued without continuance of suit.
1971, c. 48, s. 86; 1999, c. 40, s. 270.