N.Y. Religious Corporations Law § 209: Effect of consolidation

§ 209. Effect of consolidation. The consolidated or merged corporation

shall possess all the powers of the constituent corporations and shall

have the power and be subject to the duties and obligations of a

congregation of the Jewish faith formed for like purposes under the

religious corporations law. All the rights, privileges and interests of

each of the constituent corporations, all the property, real, personal

and mixed, and all the debts due on whatever account to either of them,

and all things in action, belonging to either of them, shall be deemed

to be transferred to and vested in such new corporation without further

act or deed; and all claims, demands, property, and every other

interest, belonging to the several constituent corporations, shall be as

effectually the property of the new corporation as they were of the

constituent corporations, and the title to all real property, held or

taken by deed or otherwise under the laws of this state, vested in the

several constituent corporations shall not be deemed to revert or to be

in any way impaired by reason of the consolidation but shall be vested

in the new corporation. Any devise, bequest, gift, grant, or declaration

of trust, contained in any deed, will, or other instrument, in trust or

otherwise, made before or after such consolidation, or merger to or for

any of the constituent corporations, shall inure to the benefit of the

consolidated or merged corporation. The consolidated corporation shall

be deemed to have assumed and shall be liable for all debts and

obligations of the constituent corporations in the same manner as if

such new corporation had itself incurred such debts or obligations.