New Hampshire Revised Statutes 401:11 – Merger of Insurance Companies
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I. Subject to the approval of the insurance commissioner as provided by law, any insurance corporation organized under the laws of this state, whether by special charter or under the general law, except mutual insurance companies, may merge or consolidate with any other corporation or corporations in the manner provided in RSA 293-A.
II. Subject to the approval of the insurance commissioner of the plan of merger, any mutual insurance company or other voluntary insurance corporation organized under the laws of this state, whether by special charter or under general law, may merge or consolidate with any like corporation or corporations in the manner provided in N.H. Rev. Stat. Chapter 292 and by a majority vote of those members voting in person or by proxy at a meeting called for that purpose.
II. Subject to the approval of the insurance commissioner of the plan of merger, any mutual insurance company or other voluntary insurance corporation organized under the laws of this state, whether by special charter or under general law, may merge or consolidate with any like corporation or corporations in the manner provided in N.H. Rev. Stat. Chapter 292 and by a majority vote of those members voting in person or by proxy at a meeting called for that purpose.
Terms Used In New Hampshire Revised Statutes 401:11
- 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.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4