Section 186 — Canada Business Corporations Act: Effect of certificate

On the date shown in a certificate of amalgamation the amalgamation of the amalgamating corporations and their continuance as one corporation become effective; the property of each amalgamating corporation continues to be the property of the amalgamated corporation; the amalgamated corporation continues to be liable for the obligations of each amalgamating corporation; an existing cause of action, claim or liability to prosecution is unaffected; a civil, criminal or administrative action or proceeding pending by or against an amalgamating corporation may be continued to be prosecuted by or against the amalgamated corporation; a conviction against, or ruling, order or judgment in favour of or against, an amalgamating corporation may be enforced by or against the amalgamated corporation; and the articles of amalgamation are deemed to be the articles of incorporation of the amalgamated corporation and the certificate of amalgamation is deemed to be the certificate of incorporation of the amalgamated corporation.