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Continuance of pending legal proceedings.
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10.—In every action, suit, or proceeding which is pending on the transfer date in any court or tribunal and to which the dissolved company is a party, the continuing company shall on the transfer date become and be a party in the place of the dissolved company and such proceeding shall be continued between the continuing company and the other parties thereto accordingly and no such proceeding shall abate or be discontinued or prejudicially affected by reason of the dissolution of the dissolved company.
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