New York § 7117 Return of shares of constituent company

New York Statutes

§ 7117 — Return of shares of constituent company

New York § 7117

Law ISCInsurance

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

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Bluebook

N.Y. Insurance § 7117 (2026).

Text

  § 7117. Return of shares of constituent company. A surviving or\nconsolidated company may require the return of the original certificates\nof stock held by each shareholder in each constituent company, and issue\nin lieu thereof new certificates for such number of its own shares as\nsuch  shareholder may be entitled to receive.\n

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