7103 - Content of Merger or Consolidation Agreement, and of Charter of Surviving or Consolidated Company.

NY Ins L § 7103 (2019) (N/A)
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(b) The proposed charter shall conform to all requirements of paragraph five of subsection (a) of section one thousand two hundred one of this chapter.

(c) If the surviving or consolidated company shall be a stock company, its charter shall provide that its capital shall be no larger than the sum of the capital of the constituent companies.