Laws of New York (Last Updated: November 21, 2014) |
ISC Insurance |
Article 71. MERGER, CONSOLIDATION, REDOMESTICATION, ACQUISITION OF ASSETS AND ACQUISITION OF CERTAIN SHARES OF INSURERS |
Section 7117. Return of shares of constituent company
Latest version.
-
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.