(b) The proposed charter shall conform to all requirements of
paragraph five of subsection (a) of section one thousand two hundred one
of this chapter.
(c) If the surviving or consolidated company shall be a stock company,
its charter shall provide that its capital shall be no larger than the
sum of the capital of the constituent companies.
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.