A merger has the following effects:
- (A) The limited liability companies that are parties to the merger agreement shall be a single entity.
- (B) Each limited liability company to the merger agreement, except the surviving limited liability company, shall cease to exist.
- (C) All property real, personal, and mixed, and all debts due on whatever account, including promises to make capital contributions, and all other choses in action, and all and every other interest of belonging to or due to each of the constituent limited liability companies shall be vested in the surviving limited liability company without further act or deed.
- (D) The title to all real estate and any interest therein, vested in any such constituent limited liability company shall not revert or be in any way impaired by reason of such merger.
- (E) The surviving limited liability company shall thenceforth be liable for all liabilities and obligations of each of the constituent limited liability companies so merged and any claim existing or action or proceeding pending by or against any such constituent limited liability company may be prosecuted as if such merger had not taken place, or the surviving limited liability company may be substituted in the action.
- (F) Neither the rights of creditors nor any liens on the property of any constituent limited liability company shall be impaired by the merger.
(G) The interests in a limited liability company and the former holders thereof are entitled only to the rights provided in the merger agreement or the rights otherwise provided by law.
For purposes of this section, the term "limited liability company" shall include both domestic and foreign limited liability companies.