New Jersey § 48:12-131
Full text of New Jersey New Jersey Statutes § 48:12-131, with citation guidance and answers to common questions.
§ 48:12-131.
The several parties to any such agreement of consolidation or merger shall, from the
time of the recording thereof in the office of the Secretary of State, be taken to
be one railroad company by the name adopted in case of a consolidation or by the name
of the acquiring company in case of a merger, possessing within this State all the
rights and franchises and subject to all the restrictions, disabilities and duties
of the companies of this State, or owning or operating any railroad in this State,
so consolidated or merged and in case of a consolidation, if any of the constituent
companies so consolidated was a corporation of this State, the new company formed
by such consolidation shall be a corporation of this State or of this State and some
other State or States. All the rights, privileges and franchises of each of the companies parties to any
such agreement of consolidation or merger and all rights-of-way, real estate and personal
property, and all debts, stock subscriptions and other things in action of the companies
consolidated or merged shall be taken to be transferred to the new or acquiring company
without further act or deed and to be vested in the new or acquiring company as effectually
as they were in the former companies. The new or acquiring company may take land by purchase or condemnation in the same
manner and to the same extent as companies organized under the laws of this State. All rights of creditors and all liens upon property shall be preserved unimpaired
and all debts, liabilities and duties of any of the former companies shall thenceforth
attach to the new or acquiring company and be enforced against it to the same extent
as if incurred by it.
Frequently Asked Questions About New Jersey § 48:12-131
What does New Jersey Statutes § 48:12-131 cover?
Section 48:12-131 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 48:12-131?
A common citation format is "New Jersey Statutes § 48:12-131" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 48:12-131 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.