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This entry was published on 2014-09-22
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ARTICLE 71
Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers
Insurance (ISC) CHAPTER 28
ARTICLE 71

MERGER, CONSOLIDATION, REDOMESTICATION, ACQUISITION OF ASSETS AND

ACQUISITION OF CERTAIN SHARES OF INSURERS
Section 7101. Definitions.

7102. Merger, consolidation and acquisition of assets; when

permitted.

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; certificate of approval.

7107. Expedited approval; mutual property/casualty insurance

companies.

7108. Filing of agreement of merger or consolidation.

7109. Limitation on enlargement of powers.

7110. Fees; certification; prohibitions; penalty.

7111. Proof of proceedings of meeting and action of company.

7112. Vesting of property in surviving or consolidated company;

assumption of liabilities.

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 subsidiary insurer.

7120. Redomestication of foreign insurance companies.

7121. Effects upon guaranty corporations of certain events.