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Statutes > New York Laws > ISC - Insurance > Article 71 - (7101 - 7121) MERGER, CONSOLIDATION, REDOMESTICATION, ACQUISITION OF ASSETS AND ACQUISITION OF CERTAIN SHARES OF INSURERS > 7115 - Shareholders' liability.

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

7115 - Shareholders' liability.

§ 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.

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