ARTICLE 9.5. Merger

Article 9.5 added by Stats. 1959, Ch. 1963.

§§ 7040–7044.5 · 6 sections

• § 7040 Notwithstanding the provisions of Section 900 of the Corporations Code, any two or more of such insurers may merge. The plan and agreement by which any such…
• § 7041 When any such plan and agreement shall have been approved by the commissioner, with changes, if any required by him, the same shall be approved by a vote of…
• § 7042 If the vote is in the affirmative a certified copy of all proceedings relating to the proposed merger shall be filed with the commissioner. If the commissioner…
• § 7043 After any merger made under the provisions of this article shall have been completed, the surviving corporation shall be deemed, for the purpose of the…
• § 7044 Any plan of merger under this article shall provide that all rights and properties of the parties to the plan of merger shall accrue to and become the rights…
• § 7044.5 Any one or more county mutual fire insurers, by following the procedure of this article, may merge into a general mutual insurer described in Chapter 4…