Legislation

§ 7114. Pending actions. No action or proceeding, pending at the time
of the merger or consolidation to which either of the constituent
companies may be a party, shall be abated or discontinued by reason of
such merger or consolidation, but the same may be prosecuted to final
judgment in the same manner as if the merger or consolidation had not
taken place; or the continuing or consolidated company, may be
substituted in the place of such constituent company by order of the
court in which the action or proceeding may be pending.