N.Y. Insurance Law Section 7101
Definitions

In this article:

(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.

Source: Section 7101 — Definitions, https://www.­nysenate.­gov/legislation/laws/ISC/7101 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

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Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 7101’s source at nysenate​.gov

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