Legislation
ARTICLE 71
Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers
Insurance (ISC) CHAPTER 28
ARTICLE 71
MERGER, CONSOLIDATION, REDOMESTICATION, ACQUISITION OF ASSETS AND
ACQUISITION OF CERTAIN SHARES OF INSURERS
Section 7101. Definitions.
7102. Merger, consolidation and acquisition of assets; when
permitted.
7103. Content of merger or consolidation agreement, and of
charter of surviving or consolidated company.
7104. Company approval of merger or consolidation agreement.
7105. Approval by superintendent.
7106. Merger or consolidation between domestic and foreign
companies; certificate of approval.
7107. Expedited approval; mutual property/casualty insurance
companies.
7108. Filing of agreement of merger or consolidation.
7109. Limitation on enlargement of powers.
7110. Fees; certification; prohibitions; penalty.
7111. Proof of proceedings of meeting and action of company.
7112. Vesting of property in surviving or consolidated company;
assumption of liabilities.
7113. Transfer of deposits to surviving or consolidated company.
7114. Pending actions.
7115. Shareholders' liability.
7116. Liability of members of assessment company to continue.
7117. Return of shares of constituent company.
7118. Plan for acquisition of minority interests in a subsidiary
insurer.
7119. Appraisal of shares of dissenting shareholder on merger or
consolidation of domestic company or on acquisition of
minority interests in a subsidiary insurer.
7120. Redomestication of foreign insurance companies.
7121. Effects upon guaranty corporations of certain events.
MERGER, CONSOLIDATION, REDOMESTICATION, ACQUISITION OF ASSETS AND
ACQUISITION OF CERTAIN SHARES OF INSURERS
Section 7101. Definitions.
7102. Merger, consolidation and acquisition of assets; when
permitted.
7103. Content of merger or consolidation agreement, and of
charter of surviving or consolidated company.
7104. Company approval of merger or consolidation agreement.
7105. Approval by superintendent.
7106. Merger or consolidation between domestic and foreign
companies; certificate of approval.
7107. Expedited approval; mutual property/casualty insurance
companies.
7108. Filing of agreement of merger or consolidation.
7109. Limitation on enlargement of powers.
7110. Fees; certification; prohibitions; penalty.
7111. Proof of proceedings of meeting and action of company.
7112. Vesting of property in surviving or consolidated company;
assumption of liabilities.
7113. Transfer of deposits to surviving or consolidated company.
7114. Pending actions.
7115. Shareholders' liability.
7116. Liability of members of assessment company to continue.
7117. Return of shares of constituent company.
7118. Plan for acquisition of minority interests in a subsidiary
insurer.
7119. Appraisal of shares of dissenting shareholder on merger or
consolidation of domestic company or on acquisition of
minority interests in a subsidiary insurer.
7120. Redomestication of foreign insurance companies.
7121. Effects upon guaranty corporations of certain events.