{"data":{"id":"us-ar/ark.-code-ann.-4-37-607","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-37-607","heading":"Effect of merger","body":"When a merger under § 4-37-604 becomes effective, in addition to the effects stated in § 4-38-1026 : (1) as provided in the plan of merger, each protected series of each merging company which was established before the merger: (A) is a relocated protected series or continuing protected series; or (B) is dissolved, wound up, and terminated; (2) any protected series to be established as a result of the merger is established; (3) any relocated protected series or continuing protected series is the same person without interruption as it was before the merger; (4) all property of a relocated protected series or continuing protected series continues to be vested in the protected series without transfer, reversion, or impairment; (5) all debts, obligations, and other liabilities of a relocated protected series or continuing protected series continue as debts, obligations, and other liabilities of the protected series; (6) except as otherwise provided by law or the plan of merger, all the rights, privileges, immunities, powers, and purposes of a relocated protected series or continuing protected series remain in the protected series; (7) the new name of a relocated protected series may be substituted for the former name of the protected series in any pending action or proceeding; (8) if provided in the plan of merger: (A) a person becomes an associated member or protected-series transferee of a relocated protected series or continuing protected series; (B) a person becomes an associated member of a protected series established by the surviving company as a result of the merger; (C) any change in the rights or obligations of a person in the person's capacity as an associated member or protected-series transferee of a relocated protected series or continuing protected series take effect; and (D) any consideration to be paid to a person that before the merger was an associated member or protected-series transferee of a relocated protected series or continuing protected series is due; and (9) any person that is a member of a relocated protected series becomes a member of the surviving company, if not already a member. Amended by Act 2021, No. 1041,§ 23, eff. 7/28/2021. Added by Act 2019, No. 665,§ 1, eff. 7/24/2019.\n\nWhen a merger under § 4-37-604 becomes effective, in addition to the effects stated in § 4-38-1026 :\n\n(1) as provided in the plan of merger, each protected series of each merging company which was established before the merger: (A) is a relocated protected series or continuing protected series; or (B) is dissolved, wound up, and terminated;\n\n(A) is a relocated protected series or continuing protected series; or\n\n(B) is dissolved, wound up, and terminated;\n\n(2) any protected series to be established as a result of the merger is established;\n\n(3) any relocated protected series or continuing protected series is the same person without interruption as it was before the merger;\n\n(4) all property of a relocated protected series or continuing protected series continues to be vested in the protected series without transfer, reversion, or impairment;\n\n(5) all debts, obligations, and other liabilities of a relocated protected series or continuing protected series continue as debts, obligations, and other liabilities of the protected series;\n\n(6) except as otherwise provided by law or the plan of merger, all the rights, privileges, immunities, powers, and purposes of a relocated protected series or continuing protected series remain in the protected series;\n\n(7) the new name of a relocated protected series may be substituted for the former name of the protected series in any pending action or proceeding;\nities of the protected series;\n\n(6) except as otherwise provided by law or the plan of merger, all the rights, privileges, immunities, powers, and purposes of a relocated protected series or continuing protected series remain in the protected series;\n\n(7) the new name of a relocated protected series may be substituted for the former name of the protected series in any pending action or proceeding;\n\n(8) if provided in the plan of merger: (A) a person becomes an associated member or protected-series transferee of a relocated protected series or continuing protected series; (B) a person becomes an associated member of a protected series established by the surviving company as a result of the merger; (C) any change in the rights or obligations of a person in the person's capacity as an associated member or protected-series transferee of a relocated protected series or continuing protected series take effect; and (D) any consideration to be paid to a person that before the merger was an associated member or protected-series transferee of a relocated protected series or continuing protected series is due; and\n\n(A) a person becomes an associated member or protected-series transferee of a relocated protected series or continuing protected series;\n\n(B) a person becomes an associated member of a protected series established by the surviving company as a result of the merger;\n\n(C) any change in the rights or obligations of a person in the person's capacity as an associated member or protected-series transferee of a relocated protected series or continuing protected series take effect; and\n\n(D) any consideration to be paid to a person that before the merger was an associated member or protected-series transferee of a relocated protected series or continuing protected series is due; and\n\n(9) any person that is a member of a relocated protected series becomes a member of the surviving company, if not already a member.","path":["AR Code","Title 4","Chapter 37","Subchapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"271b21fa96514ff31077d32c9db47d6ca03e4c7d54bb8d665bb6cb3905337702","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-37-606","next":"us-ar/ark.-code-ann.-4-37-608"},"notice":"GroundRules: Original legal text. Not legal advice."}