Ohio Code § 3941.42
Ohio Code § 3941.42. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3941.42.
Upon merger or consolidation: (A) The separate existence of the constituent companies shall cease and they shall thereafter
be a single company in accordance with such agreement, which company shall have all
of the debts, duties, obligations, and liabilities of, and all of the rights, privileges,
powers, franchises, immunities, property and assets formerly belonging to the separate
companies, provided that all liens on the property of the constituent companies are
limited to the property to which it attached immediately prior to the merger or consolidation. Rights of action by or against the constituent companies may be brought or continued
by or against the surviving or resulting company in its name. (B) The policyholders of the constituent companies shall continue to be subject to all
the liabilities, claims and demands existing against them at or before such merger
or consolidation. (C) All deposits which may have been made in this state by any constituent company shall
be held for the account of the surviving or resulting company which shall be entitled
to the return of any such deposits in excess of those required, if any, to comply
with the laws of this state.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3941.42
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 3941.42?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 3941.42 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 3941.42 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.