491.38 - CONSOLIDATION OF INTERSTATE BRIDGE COMPANIES. - Iowa Statutes

491.38 CONSOLIDATION OF INTERSTATE BRIDGE COMPANIES. Any corporation heretofore or hereafter organized under the laws of this state for the purpose of constructing and/or operating a bridge, one extremity of which shall rest in an adjacent state, may merge and/or consolidate the stock, property, rights, franchises, privileges, assets and liabilities of such corporation with the stock, property, rights, franchises, privileges, assets and liabilities of a corporation organized for a similar purpose under the laws of such adjacent state, upon such terms not in conflict with law as may be mutually agreed upon, and thereafter such merged and/or consolidated corporations shall be one corporation with such name as may be agreed upon, and shall have all of the property, rights, privileges, assets and franchises, and be subject to all of the liabilities, of the merging or consolidating corporations.          Section History: Early Form [C31, 35, § 8375-d1; C39, § 8375.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 491.38]