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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 > 7116 - Liability of members of assessment company to continue.

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

7116 - Liability of members of assessment company to continue.

§ 7116. Liability of members of assessment company to continue. In case of a merger or consolidation of assessment companies the liability of members thereof to assessments shall continue and be transferred to the surviving or consolidated company.

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