Upon the issuance of a certificate of merger or a certificate of consolidation by the Secretary of State, the merger or consolidation, as the case may be, shall be effected, subject to the rights of dissenting shareholders, members or policyholders, as provided in sections 3428 and 3429 of this title. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 4, § 5).)