Ohio § 3941.42
Full text of Ohio Ohio Revised Code § 3941.42, with citation guidance and answers to common questions.
§ 3941.42.
Upon merger or consolidation: (A) The separate existence of the constituent companies shall cease and they shall thereafter
be a single company in accordance with such agreement, which company shall have all
of the debts, duties, obligations, and liabilities of, and all of the rights, privileges,
powers, franchises, immunities, property and assets formerly belonging to the separate
companies, provided that all liens on the property of the constituent companies are
limited to the property to which it attached immediately prior to the merger or consolidation. Rights of action by or against the constituent companies may be brought or continued
by or against the surviving or resulting company in its name. (B) The policyholders of the constituent companies shall continue to be subject to all
the liabilities, claims and demands existing against them at or before such merger
or consolidation. (C) All deposits which may have been made in this state by any constituent company shall
be held for the account of the surviving or resulting company which shall be entitled
to the return of any such deposits in excess of those required, if any, to comply
with the laws of this state.
Frequently Asked Questions About Ohio § 3941.42
What does Ohio Revised Code § 3941.42 cover?
Section 3941.42 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 3941.42?
A common citation format is "Ohio Revised Code § 3941.42" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 3941.42 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.