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Section 59A-34-42 - Expense to be borne by parties.

NM Stat § 59A-34-42 (2019) (N/A)
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Costs of mailing or otherwise giving notice of any public hearing required in connection with merger, consolidation, or bulk reinsurance of an insurer, and of furnishing to stockholders or members information relative thereto, shall be borne by the insurers parties to the proposed merger, consolidation or bulk reinsurance. As security for payment of such expenses the superintendent may require such insurers to file with him an acceptable surety bond or other deposit in reasonable amount determined by him.

History: Laws 1984, ch. 127, § 588.

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Section 59A-34-43 - Mutual member's share of assets on liquidation.