MARVIN MANDEL, Governor                               1869

"effective" is substituted for "be in full
force and effect."

The only other changes are in style.

The word "mail" is defined in Title 1.

6-417. CONSOLIDATION OR MERGER - EFFECT.

(A)   ASSETS VEST IN SUCCESSOR.

WHEN A CONSOLIDATION OR MERGER BECOMES EFFECTIVE,
EVERY RIGHT, FRANCHISE, AND INTEREST OF THE CONSOLIDATED
OR MERGED SOCIETY IN ANY ASSET VESTS IN THE SUCCESSOR
SOCIETY, WITHOUT ANY OTHER INSTRUMENT.

(B)       OPTIONAL CONVEYANCE.

A CONVEYANCE OF REAL PROPERTY MAY BE EVIDENCED BY A
PROPER DEED.

(C)   NO REVERSION.

THE TITLE TO OR ANY INTEREST IN REAL PROPERTY VESTED
UNDER THE LAMS OF THE STATE IN ANY CONSOLIDATED OR MERGED
SOCIETY DOES NOT REVERT AND IS NOT IN ANY MAY IMPAIRED
BECAUSE OF THE CONSOLIDATION OR MERGER, BUT VESTS
ABSOLUTELY IN THE SUCCESSOR SOCIETY.

REVISOR'S NOTE: This section presently appears as
Art. 48A, §349.

In subsection (a) of this section, the word
"asset," which is defined in Title 1, is
substituted for the phrase "every species of
property , real, personal or nixed, and things
in action."

The only other changes are in style.

6-418. APPLICATION OF SUBTITLE.

(A) EFFECT OF THIS SUBTITLE.

(1) EXCEPT AS OTHERWISE PROVIDED IN THIS
SECTION, EVERY SOCIETY IS:

(I)   GOVERNED EXCLUSIVELY BY THIS SUBTITLE AND
SUBTITLE 19 OF ARTICLE 48A OF THE CODE; AND

(II) EXEMPT FROM THE INSURANCE LAWS OF THIS
STATE.

(2)    A STATUTE ENACTED AFTER JUNE 1, 1963 DOES