(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.
Structure New York Laws
7102 - Merger, Consolidation and Acquisition of Assets; When Permitted.
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.
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.
7120 - Redomestication of Foreign Insurance Companies.
7121 - Effects Upon Guaranty Corporations of Certain Events.