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2016 New York Laws
ISC - Insurance
Article 71 - (Insurance) MERGER, CONSOLIDATION, REDOMESTICATION, ACQUISITION OF ASSETS AND ACQUISITION OF CERTAIN SHARES OF INSURERS
7115 - Shareholders' liability.

NY Ins L § 7115 (2016) What's This?
  7115.  Shareholders' liability. The shareholders of a stock company
  merging or consolidating shall continue subject to all the  liabilities,
  claims  and  demands  existing  against  them  as such at or before such
  merger or consolidation.

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