Limitation on enlargement of powers
Source:
Section 7109 — Limitation on enlargement of powers, https://www.nysenate.gov/legislation/laws/ISC/7109 (updated Sep. 22, 2014; accessed Jan. 18, 2025).
7101
Definitions 7102
Merger, consolidation and acquisition of assets 7103
Content of merger or consolidation agreement, and of charter of surviving or consolidated company 7104
Company approval of merger or consolidation agreement 7105
Approval by superintendent 7106
Merger or consolidation between domestic and foreign companies 7107
Expedited approval 7108
Filing of agreement of merger or consolidation 7109
Limitation on enlargement of powers 7110
Fees 7111
Proof of proceedings of meeting and action of company 7112
Vesting of property in surviving or consolidated company 7113
Transfer of deposits to surviving or consolidated company 7114
Pending actions 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 7119
Appraisal of shares of dissenting shareholder on merger or consolidation of domestic company or on acquisition of minority interests in a... 7120
Redomestication of foreign insurance companies 7121
Effects upon guaranty corporations of certain events
Definitions 7102
Merger, consolidation and acquisition of assets 7103
Content of merger or consolidation agreement, and of charter of surviving or consolidated company 7104
Company approval of merger or consolidation agreement 7105
Approval by superintendent 7106
Merger or consolidation between domestic and foreign companies 7107
Expedited approval 7108
Filing of agreement of merger or consolidation 7109
Limitation on enlargement of powers 7110
Fees 7111
Proof of proceedings of meeting and action of company 7112
Vesting of property in surviving or consolidated company 7113
Transfer of deposits to surviving or consolidated company 7114
Pending actions 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 7119
Appraisal of shares of dissenting shareholder on merger or consolidation of domestic company or on acquisition of minority interests in a... 7120
Redomestication of foreign insurance companies 7121
Effects upon guaranty corporations of certain events
