Statute · New York Insurance Law
N.Y. Ins. Law § 7117 — Return of shares of constituent company
N.Y. Ins. Law § 7117
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Ins. Law § 7117 — Return of shares of constituent company is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.