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This entry was published on 2014-09-22
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SECTION 7101
Definitions
Insurance (ISC) CHAPTER 28, ARTICLE 71
§ 7101. Definitions. In this article:

(a) "Merger" means the merger of two or more companies in a single
company which is one of the constituent companies.

(b) "Consolidation" means the consolidation of two or more companies
into a single new company.

(c) "Constituent company" means an existing company that is
participating in the merger or consolidation with one or more other
companies.

(d) "Surviving company" means the constituent company into which one
or more other constituent companies are merged.

(e) "Consolidated company" means the new company into which two or
more constituent companies are consolidated.

(f) "Company" means an insurance company.

(g) "Acquisition of assets" and "acquire the assets of", means the
acquisition through the purchase or otherwise of all or substantially
all of the assets of a domestic company or of any company by a domestic
company.