N.Y. Insurance Law § 8012: Directors and officers

§ 8012. Directors and officers. Except as otherwise provided in the

plan of reorganization and subject to subsection (d) of section eight

thousand seventeen of this article, the directors and officers of the

reorganizing insurer shall serve as directors and officers of the

reorganized insurer, any stock holding company and the mutual holding

company until new directors and officers have been duly elected and

qualified pursuant to the charter or certificate of incorporation and

the by-laws of the respective companies.