§ 58-37-20. Merger, consolidation or cession. - North Carolina Statutes

§58‑37‑20.  Merger, consolidation or cession.

When a member has been mergedor consolidated into another insurer, or has reinsured its entire motor vehicleliability insurance business in the State with another insurer, such company orits successor in interest shall remain liable for all obligations hereunder andsuch company and its successor in interest and the other insurers with which ithas been merged or consolidated shall continue to participate in the Facilityaccording to the rules of operation. (1973, c. 818, s. 1; 1977, c.828, s. 13.)