California Insurance Code 7043 – After any merger made under the provisions of this article shall have …
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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 territorial limit provided in Section 6048, to have been organized not only in its county of organization but also in the county of organization of the county mutual insurer which was merged into it.
(Added by Stats. 1959, Ch. 1963.)
Terms Used In California Insurance Code 7043
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: includes "city and county. See California Insurance Code 14