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.
S.C. Code Ann. § 58-17-660
Rights, duties and the like of consolidated corporation
1962 Code SECTION 58-925; 1952 Code SECTION 58-925; 1942 Code SECTION 8287; 1932 Code SECTION 8232; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.