Louisville & Nashville Railroad v. Hughes

1. Where one corporation conveys its property to another, this alone does not destroy the corporate existence of the grantor or constitute a merger of the two corporations, or render the grantee subject to an action for damages for a tort previously committed by the grantor. The grantor is still subject to suit; and if liable, the question of seeking to subject property to such liability on a judgment rendered thereon is different from suing the grantee directly for the tort.(a) The deed from the A., K. & N. R. Co. to the L. & N. R. Co. was a conveyance of property, not a merger of corporate…