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  • SECTION 7114
    Pending actions
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  • ARTICLE 71
    Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers
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  • SECTION 7116
    Liability of members of assessment company to continue
    • This entry was published on 2014-09-22
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    SECTION 7115

    Shareholders' liability

    Insurance (ISC) CHAPTER 28, ARTICLE 71

    § 7115. Shareholders' liability. The shareholders of a stock company
    merging or consolidating shall continue subject to all the liabilities,
    claims and demands existing against them as such at or before such
    merger or consolidation.