18A:13-45 - Corporate existence and name; assumption of indebtedness - New Jersey Statutes

18A:13-45.  Corporate existence and name;  assumption of indebtedness
    The corporate existence of an enlarged regional district shall be continued  without interruption from the date of its original creation notwithstanding its  enlargement and its corporate name shall remain unchanged unless another  corporate name, approved by the state board, shall be adopted by resolution of  the regional board of education and shall be certified to the secretary of  state.

    Each new constituent district shall become responsible, for the indebtedness  of the regional district then outstanding or authorized but unissued, as if it  had originally constituted a part of the regional district.
 
L.1967, c.271.