Section 48: Right or liability to devolve upon merger of legal person

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1) If a legal person is, for any reason, merged with another legal person, the right or liability of such person shall be as specified at the time of such merger.

2) If not specified pursuant to sub-section (1), the right or liability of the legal person to be merged shall devolve on the legal person with which such a person is merged.

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Nepal Laws
The National Civil (Code) Act

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Section 48: Right or liability to devolve upon merger of legal person

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