Insurance Law 7114 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7113 Transfer of deposits to surviving or consolidated company up ARTICLE 71 Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers next SECTION 7115 Shareholders' liability Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7114 Pending actions Insurance (ISC) CHAPTER 28, ARTICLE 71 § 7114. Pending actions. No action or proceeding, pending at the time of the merger or consolidation to which either of the constituent companies may be a party, shall be abated or discontinued by reason of such merger or consolidation, but the same may be prosecuted to final judgment in the same manner as if the merger or consolidation had not taken place; or the continuing or consolidated company, may be substituted in the place of such constituent company by order of the court in which the action or proceeding may be pending.