Legislation
SECTION 7109
Limitation on enlargement of powers
Insurance (ISC) CHAPTER 28, ARTICLE 71
§ 7109. Limitation on enlargement of powers. This article shall not
enlarge the charter powers of any company except in conformity with the
provisions of the proposed charter of the surviving or consolidated
company as provided in section seven thousand one hundred three of this
article, nor authorize any company to do any kind of insurance business
not authorized by its charter, nor authorize any foreign or alien
company to do any kind of insurance business in this state not
authorized by its license or certificate of authority to do business in
this state.
enlarge the charter powers of any company except in conformity with the
provisions of the proposed charter of the surviving or consolidated
company as provided in section seven thousand one hundred three of this
article, nor authorize any company to do any kind of insurance business
not authorized by its charter, nor authorize any foreign or alien
company to do any kind of insurance business in this state not
authorized by its license or certificate of authority to do business in
this state.