Kansas Statutes

§ 40-508 — Same; merger and consolidation defined

Kansas·Ch. 40 INSURANCE·Art. 5 MUTUAL LIFE INSURANCE COMPANIES

As used in this act:

(a)"Merger" means the union of two (2) or more companies into a single company which is one of the companies so uniting.
(b)"Consolidation" means the joining of two (2) or more companies in a manner so that a single new consolidated company results therefrom.

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Legislative History

L. 1980, ch. 135, § 1; July 1.

Nearby Sections

15
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