GroundRules
N.Y. Banking Law § 603: Issuance of new certificates of stock or other consideration
Where this section sits in the code
- Banking Law
- Article 13. Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation
§ 603. Issuance of new certificates of stock or other consideration.
The receiving corporation may require the return of the original
certificate or certificates held by each stockholder or shareholder in
such other corporation or corporations and may issue in lieu thereof new
certificates for such number of its own shares, or pay or deliver such
other consideration, as such stockholder or shareholder may be entitled
to receive under the merger plan.
Collected 2026-09-14T19:32:44Z. Source file · JSON