N.Y. Insurance Law § 7117: Return of shares of constituent company
Where this section sits in the code
- Insurance Law
- Article 71. Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers
§ 7117. Return of shares of constituent company. A surviving or
consolidated company may require the return of the original certificates
of stock held by each shareholder in each constituent company, and issue
in lieu thereof new certificates for such number of its own shares as
such shareholder may be entitled to receive.
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