New Mexico § 59A-34-42 Expense to be borne by parties

New Mexico Statutes

§ 59A-34-42 — Expense to be borne by parties

New Mexico·Ch. 59A Insurance Code·Art. 34 Domestic Stock and Mutual Insurers

Costs of mailing or otherwise giving notice of any public hearing required in connection with merger, consolidation, or bulk reinsurance of an insurer, and of furnishing to stockholders or members information relative thereto, shall be borne by the insurers parties to the proposed merger, consolidation or bulk reinsurance. As security for payment of such expenses the superintendent may require such insurers to file with him an acceptable surety bond or other deposit in reasonable amount determined by him.

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

Costs of mailing or otherwise giving notice of any public hearing required in connection with merger, consolidation, or bulk reinsurance of an insurer, and of furnishing to stockholders or members information relative thereto, shall be borne by the insurers parties to the proposed merger, consolidation or bulk reinsurance. As security for payment of such expenses the superintendent may require such insurers to file with him an acceptable surety bond or other deposit in reasonable amount determined by him.

New Mexico § 59A-34-42 (Expense to be borne by parties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.