Section 7101. Definitions  


Latest version.
  • In this article:
        (a) "Merger"  means  the  merger  of two or more companies in a single
      company which is one of the constituent companies.
        (b) "Consolidation" means the consolidation of two or  more  companies
      into a single new company.
        (c) "Constituent   company"   means   an   existing  company  that  is
      participating in the merger or consolidation  with  one  or  more  other
      companies.
        (d) "Surviving  company"  means the constituent company into which one
      or more other constituent companies are merged.
        (e) "Consolidated company" means the new company  into  which  two  or
      more constituent companies are consolidated.
        (f) "Company" means an insurance company.
        (g) "Acquisition  of  assets"  and  "acquire the assets of", means the
      acquisition through the purchase or otherwise of  all  or  substantially
      all  of the assets of a domestic company or of any company by a domestic
      company.