12 USC 31 – Rights and liabilities as affected by change of name
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All debts, liabilities, rights, provisions, and powers of the association under its old name shall devolve upon and inure to the association under its new name.
Terms Used In 12 USC 31
- association: when used in reference to a corporation, shall be deemed to embrace the words "successors and assigns of such company or association" in like manner as if these last-named words, or words of similar import, were expressed. See 1 USC 5
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.