The domestic company and the acquiring corporation shall in all respects be regarded in law as separate and distinct corporations, with neither of such corporations having any liability to the creditors, policyholders, if any, or shareholders of the other, any acts or omissions of the officers, directors, or shareholders of either or both of such corporations notwithstanding.
Source: L. 69: p. 534, § 8. C.R.S. 1963: § 72-27-8.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
Part 6 - Exchange of Insurance Securities Act
§ 10-3-602. Exchange of Securities
§ 10-3-603. Acquiring Corporation - Definition
§ 10-3-604. Procedure for Exchange
§ 10-3-605. Filing Plan of Exchange
§ 10-3-606. Effect of Exchange
§ 10-3-607. Authorized Insurance Business and Regulatory Authority
§ 10-3-608. Domestic Company and Acquiring Corporation Separate and Distinct Entities