New York Statutes
§ 8004 — Adoption of plan; submission of plan to the superintendent
New York § 8004
This text of New York § 8004 (Adoption of plan; submission of plan to the superintendent) 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 § 8004 (2026).
Text
§ 8004. Adoption of plan; submission of plan to the superintendent.\n(a) A mutual life insurer seeking to reorganize under this article\nshall, by action of three-fourths of its entire board of directors,\nadopt a plan consistent with the provisions of sections eight thousand\ntwo and eight thousand three of this article which is fair and equitable\nto the policyholders. The resolution shall specify the reasons for and\nthe purposes of the proposed reorganization.\n (b) The plan shall be submitted to the superintendent, together with\nthe resolution of the board of directors of the reorganizing insurer,\ncertified by the secretary thereof, adopting the plan pursuant to this\narticle.\n
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Nearby Sections
15
§ 8001
Definitions§ 8003
Dividend practices§ 8006
Consultants§ 8010
Effect of reorganization§ 8011
Corporate existence§ 8012
Directors and officers§ 8014
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Bluebook (online)
New York § 8004, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/ISC/8004.