New York § 8016 Prohibited transactions by officers, directors and employees

New York Statutes

§ 8016 — Prohibited transactions by officers, directors and employees

New York § 8016

Law ISCInsurance

Art. 80Mutual Holding Company

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Bluebook

N.Y. Insurance § 8016 (2026).

Text

  § 8016. Prohibited transactions by officers, directors and employees.\nNo director, officer, agent or employee of the reorganizing insurer\nshall receive any fee, commission or other valuable consideration\nwhatsoever, other than regular salary and compensation, for in any\nmanner aiding, promoting or assisting in the reorganization except as\nset forth in the plan approved by the superintendent.\n

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§ 8016. Prohibited transactions by officers, directors and employees.\nNo director, officer, agent or employee of the reorganizing insurer\nshall receive any fee, commission or other valuable consideration\nwhatsoever, other than regular salary and compensation, for in any\nmanner aiding, promoting or assisting in the reorganization except as\nset forth in the plan approved by the superintendent.\n