Home/New York/Statutes/Law ISC: Insurance/Art. 71: Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers/§ 7115
New York Statutes

§ 7115 — Shareholders' liability

New York § 7115
JurisdictionNew York
Law ISCInsurance
Art. 71Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers

This text of New York § 7115 (Shareholders' liability) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.Y. Insurance § 7115 (2026).

Text

§ 7115. Shareholders' liability. The shareholders of a stock company\nmerging or consolidating shall continue subject to all the liabilities,\nclaims and demands existing against them as such at or before such\nmerger or consolidation.\n

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Nearby Sections

15
§ 7101
Definitions
§ 7102
Merger, consolidation and acquisition of assets; when permitted
§ 7103
Content of merger or consolidation agreement, and of charter of surviving or consolidated company
§ 7104
Company approval of merger or consolidation agreement
§ 7105
Approval by superintendent
§ 7106
Merger or consolidation between domestic and foreign companies; certificate of approval
§ 7107
Expedited approval; mutual property/casualty insurance companies
§ 7108
Filing of agreement of merger or consolidation
§ 7109
Limitation on enlargement of powers
§ 7110
Fees; certification; prohibitions; penalty
§ 7111
Proof of proceedings of meeting and action of company
§ 7112
Vesting of property in surviving or consolidated company; assumption of liabilities
§ 7113
Transfer of deposits to surviving or consolidated company
§ 7114
Pending actions
§ 7115
Shareholders' liability
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Bluebook (online)
New York § 7115, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/ISC/7115.