PocketLaw | New York Laws | Merger, Consolidation, Redomestication,

Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers

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Definitions.

Merger, Consolidation and Acquisition of Assets; When Permitted.

Content of Merger or Consolidation Agreement, and of Charter of Surviving or Consolidated Company.

Company Approval of Merger or Consolidation Agreement.

Approval by Superintendent.

Merger or Consolidation Between Domestic and Foreign Companies; Certificate of Approval.

Expedited Approval; Mutual Property/casualty Insurance Companies.

Filing of Agreement of Merger or Consolidation.

Limitation on Enlargement of Powers.

Fees; Certification; Prohibitions; Penalty.

Proof of Proceedings of Meeting and Action of Company.

Vesting of Property in Surviving or Consolidated Company; Assumption of Liabilities.

Transfer of Deposits to Surviving or Consolidated Company.

Pending Actions.

Shareholders' Liability.

Liability of Members of Assessment Company to Continue.

Return of Shares of Constituent Company.

Plan for Acquisition of Minority Interests in a Subsidiary Insurer.

Appraisal of Shares of Dissenting Shareholder on Merger or Consolidation of Domestic Company or on Acquisition of Minority Interests in a Subsidiary I

Redomestication of Foreign Insurance Companies.

Effects Upon Guaranty Corporations of Certain Events.