N.J.S.A. 16:12-25 — Effect of change on property rights and liabilities

16:12-25. Effect of change on property rights and liabilities After such change of name such corporations shall respectively hold, convey and administer, under and by their new name, all the property, estates, trusts, rights, privileges and franchises which they had under their former name, and may receive, hold, convey and administer all estates, gifts, bequests, devises, conveyances and trusts given or made to them by their new name or any former name, as fully and to the same intent as if such name had not been changed and such estates, gifts, bequests, devises, conveyances and trusts had been given or made to them by their former name. Such change of name shall not impair any legal liability or obligation of or to such corporations.

This is the verbatim text of N.J.S.A. 16:12-25, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.