2013 New York Consolidated Laws
ISC - Insurance
Article 71 - (7101 - 7121) MERGER, CONSOLIDATION, REDOMESTICATION, ACQUISITION OF ASSETS AND ACQUISITION OF CERTAIN SHARES OF INSURERS
7101 - Definitions.


NY Ins L § 7101 (2012) What's This?
 
    § 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.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.