Upon the making and perfecting the agreement and act of consolidation, as provided in Section 58-17-620, and filing it, or a copy, with the Secretary of State as aforesaid, the several corporations parties thereto shall be deemed and taken to be one corporation by the name provided in such agreement and act, possessing within this State all the rights, privileges and franchises and subject to all the restrictions, disabilities and duties of each of such corporations so consolidated.
HISTORY: 1962 Code Section 58-925; 1952 Code Section 58-925; 1942 Code Section 8287; 1932 Code Section 8232; Civ. C. '22 Section 4796; Civ. C. '12 Section 3127; Civ. C. '02 Section 2052; G. S. 1427; R. S. 1617; 1881 (17) 796.