New York § 7114 Pending actions

New York Statutes

§ 7114 — Pending actions

New York § 7114

Law ISCInsurance

Art. 71Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers

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Bluebook

N.Y. Insurance § 7114 (2026).

Text

  § 7114. Pending actions. No action or proceeding, pending at the time\nof the merger or consolidation to which either of the constituent\ncompanies may be a party, shall be abated or discontinued by reason of\nsuch merger or consolidation, but the same may be prosecuted to final\njudgment in the same manner as if the merger or consolidation had not\ntaken place; or the continuing or consolidated company, may be\nsubstituted in the place of such constituent company by order of the\ncourt in which the action or proceeding may be pending.\n

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§ 7114. Pending actions. No action or proceeding, pending at the time\nof the merger or consolidation to which either of the constituent\ncompanies may be a party, shall be abated or discontinued by reason of\nsuch merger or consolidation, but the same may be prosecuted to final\njudgment in the same manner as if the merger or consolidation had not\ntaken place; or the continuing or consolidated company, may be\nsubstituted in the place of such constituent company by order of the\ncourt in which the action or proceeding may be pending.\n