In a consolidation, the newly formed corporation acquires all of the assets and liabilities of both corporations that were consolidated.

Name: In a consolidation, the newly formed corporation acquires all of the assets and liabilities of both corporations that were consolidated.
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In a consolidation, two or more companies combine to form a new entity, and this new corporation assumes all assets and liabilities of the original companies.

In a Consolidation, the Newly Formed Corporation Acquires All of the Assets