who collects and receives payments of debts unless the change of the agent occurs by operation of law governing merger of business of such person. Section 16. As regards the transfer of assets under an
changed by the operation of law governing merger of business of such person. In cases where the original payee has acted as the agent to collect and receive payments of debts incurred but there is a change
) transfer of assets whereby the agent to collect and receive payments of debts has been changed by the operation of law governing merger of business of such person. In cases where the original payee has acted
payments of debts incurred; (2) transfer of assets whereby the agent to collect and receive payments of debts has been changed by the operation of law governing merger of business of such person. In cases
from the provisions under Division 2: Debentures, Division 3: Issuance of Secured Debentures, Division 4: Register and Transferability, or Division 5: Disclosure of Information and Auditor of this
: Issuance of Secured Debentures, Division 4: Register and Transferability, or Division 5: Disclosure of Information and Auditor of this Chapter or under Chapter 3: Public Offering of Securities, in whole or
the notification of the SEC, or may allow such company to act differently from the provisions under Division 2: Debentures, Division 3: Issuance of Secured Debentures, Division 4: Register and
operated by the company or the subsidiary; (5) merger with other persons which is likely to affect the management structure of the company; (6) lending of money, providing credit facility, guarantee