§ 7117. Return of shares of constituent company. A surviving or consolidated company may require the return of the original certificates of stock held by each shareholder in each constituent company, and issue in lieu thereof new certificates for such number of its own shares as such shareholder may be entitled to receive.
Return of shares of constituent company
N.Y. Insurance Law § 7117, under Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers.
N.Y. Insurance Law § 7117