§ 10-3-609 — Examination

Colorado § 10-3-609

• Jurisdiction: Colorado
• Title 10: Insurance
• Art.: Regulation of Insurance Companies

Text

After any acquiring corporation becomes the owner
of all the outstanding shares of a domestic company pursuant to a plan of
exchange consummated under the provisions of this part 6, the commissioner may,
in connection with any examination of the domestic company, examine all records
and documents of the acquiring corporation pertaining to the relationships and
transactions of the domestic company with the acquiring corporation or its
subsidiaries or affiliates. If the acquiring corporation is organized under the laws of
any state other than Colorado, the commissioner may, as a condition of approving
the plan of exchange, require such acquiring corporation to file a written consent to
examination of its records and documents as provided in this section.

Legislative History

Source: L. 69: p. 534, � 9. C.R.S. 1963: � 72-27-9.