Statute · New York Insurance Law
N.Y. Ins. Law § 7115 — Shareholders' liability
N.Y. Ins. Law § 7115
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 7115. Shareholders' liability. The shareholders of a stock company merging or consolidating shall continue subject to all the liabilities, claims and demands existing against them as such at or before such merger or consolidation.
Citator
N.Y. Ins. Law § 7115 — Shareholders' liability is in force in the current edition of the Code, and nothing recorded condemns it.
§ 7115. Shareholders' liability. The shareholders of a stock company merging or consolidating shall continue subject to all the liabilities, claims and demands existing against them as such at or before such merger or consolidation.