Statutory Merger Law and Legal Definition

A statutory merger is defined as "a combination of two or more corporations under the corporation laws of the State, with one of the corporations surviving. The surviving corporation acquires the assets and liabilities of the merged corporation(s) by operation of State law." UPMC-Braddock Hosp. v. Sebelius, 2010 U.S. App. LEXIS 1167 (3d Cir. Pa. Jan. 20, 2010)