Court Opinion

ID: 9669117
Source: CourtListenerOpinion
Date Created: 2023-08-24 02:39:48.715216+00
Date Added: 2024-06-11T18:15:51.953916
License: Public Domain

CLYDE R. ASHWORTH, Justice (Retired),
dissenting.
I respectfully dissent.
If Vanscot had dissolved prior to institution of this suit, the majority’s opinion would be correct. However, in that event, public records of the dissolution would be available and it would be possible for suit to be brought against the representatives of the dissolved corporation. In the instant case there was no dissolution — there was a merger with another entity and a new name and form of organization was adopted. The assets and liabilities (including appellee’s claim) continued to exist, although in a different name. The corporation into which the old corporations are merged necessarily acquires the liabilities as well as the assets of the merging corporations.
The judgment should be affirmed.