Statute · New York Banking Law
N.Y. Banking Law § 603 — Issuance of new certificates of stock or other consideration
N.Y. Banking Law § 603
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Banking Law § 603 — Issuance of new certificates of stock or other consideration is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.