Section 13.1-1099.20 - Application of section 13.1-1099.10 after mergerA. A creditor's right that existed under § 13.1-1099.10 immediately before a merger under § 13.1-1099.16 may be enforced after the merger in accordance with the following rules:1. A creditor's right that existed immediately before the merger against the surviving company, a continuing protected series, or a relocated protected series continues without change after the merger.2. A creditor's right that existed immediately before the merger against a non-surviving company:a. May be asserted against an asset of the non-surviving company that vested in the surviving company as a result of the merger; andb. Does not otherwise change.3. Subject to subsection B, the following rules apply:a. In addition to the remedy stated in subdivision 1, a creditor with a right under § 13.1-1099.10 that existed immediately before the merger against a non-surviving company or a relocated protected series may assert the right against: (1) An asset of the surviving company, other than an asset of the non-surviving company that vested in the surviving company as a result of the merger;(2) An asset of a continuing protected series;(3) An asset of a protected series established by the surviving company as a result of the merger;(4) If the creditor's right was against an asset of the non-surviving company, an asset of a relocated protected series; or(5) If the creditor's right was against an asset of a relocated protected series, an asset of a relocated protected series.b. In addition to the remedy stated in subdivision 2, a creditor with a right that existed immediately before the merger against the surviving company or a continuing protected series may assert the right against: (1) An asset of a relocated protected series; or(2) An asset of a non-surviving company that vested in the surviving company as a result of the merger.B. For the purposes of subdivision A 3 and subdivisions B 1a, B 2a, and B 3a of § 13.1-1099.10, the incurrence date is deemed to be the date on which the merger becomes effective.C. A merger under § 13.1-1099.16 does not affect the manner in which § 13.1-1099.10 applies to a liability incurred after the merger.Added by Acts 2019 c. 636, § 1, eff. 7/1/2020.