§ 7115. Shareholders' liability. The shareholders of a stock company\nmerging or consolidating shall continue subject to all the liabilities,\nclaims and demands existing against them as such at or before such\nmerger or consolidation.\n
Shareholders' liability
N.Y. Insurance Law § 7115, under Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers.
N.Y. Insurance Law § 7115