California § 7044.5. 7044.5. (Added by Stats. 1967, Ch. 455.)

California Statutes

§ 7044.5. — 7044.5. (Added by Stats. 1967, Ch. 455.)

California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 1. PART 1. FIRE AND MARINE INSURANCE·Ch. 5. CHAPTER 5. County Mutual Fire Insurers·Art. 9.5. ARTICLE 9.5. Merger

Any one or more county mutual fire insurers, by following the procedure of this article, may merge into a general mutual insurer described in Chapter 4 (commencing with Section 4010) of Part 1, Division 2 of this code. Such general mutual insurer shall become the surviving corporation.
Any two or more county mutual fire insurers may merge, concurrently with the transformation of one of the constituent corporations under Article 9.6 (commencing with Section 7045) of Chapter 5, Part 1, Division 2 into a general mutual insurer.  The constituent transformed into a general mutual insurer shall be the surviving corporation.

Free access — add to your briefcase to read the full text and ask questions with AI

Any one or more county mutual fire insurers, by following the procedure of this article, may merge into a general mutual insurer described in Chapter 4 (commencing with Section 4010) of Part 1, Division 2 of this code. Such general mutual insurer shall become the surviving corporation.
Any two or more county mutual fire insurers may merge, concurrently with the transformation of one of the constituent corporations under Article 9.6 (commencing with Section 7045) of Chapter 5, Part 1, Division 2 into a general mutual insurer. The constituent transformed into a general mutual insurer shall be the surviving corporation.

California § 7044.5. (7044.5. (Added by Stats. 1967, Ch. 455.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1967, Ch. 455.

Nearby Sections

2

§ 7044.

7044. (Added by Stats. 1959, Ch. 1963.)

§ 7044.5.

7044.5. (Added by Stats. 1967, Ch. 455.)

View on official source ↗