SECTION 189

The merger is the operation whereby two (2) or morecompanies merge to form a single oneeither by creating a new company or by absorption by one of them. P. 60 of 267 A company, even under liquidation, may be absorbedby another company or may participate in the formation of a new company through merger. The merger entails the universal assignmentof the assets of the company or companies that disappear as a result of a merger to the absorbingcompany or to the new company.