ยง 7113. Transfer of deposits to surviving or consolidated company. If
any constituent company in a merger or consolidation under the
provisions of this article shall have on deposit with the superintendent
securities held for the benefit and protection of all of its
policyholders or policyholders and creditors within the United States,
the superintendent is authorized, upon the completion of such merger or
consolidation, to transfer residuary interest in such deposit of such
constituent company to the surviving or consolidated company, and to
release such deposit or any part thereof if no longer required of such
surviving or consolidated company under the provisions of this chapter.
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.