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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 71
Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers
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SECTION 7113
Transfer of deposits to surviving or consolidated company
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ARTICLE 71
Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers
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SECTION 7115
Shareholders' liability
This entry was published on 2014-09-22
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SECTION 7114
Pending actions
Insurance (ISC) CHAPTER 28, ARTICLE 71
§ 7114. Pending actions. No action or proceeding, pending at the time
of the merger or consolidation to which either of the constituent
companies may be a party, shall be abated or discontinued by reason of
such merger or consolidation, but the same may be prosecuted to final
judgment in the same manner as if the merger or consolidation had not
taken place; or the continuing or consolidated company, may be
substituted in the place of such constituent company by order of the
court in which the action or proceeding may be pending.