Sec. 38a-154. (Formerly Sec. 38-36). Filing of the certificate of merger or consolidation with the Secretary of the State.
Sec. 38a-154. (Formerly Sec. 38-36). Filing of the certificate of merger or consolidation with the Secretary of the State. If the commissioner approves and authorizes
the proposed merger or consolidation or issuance and exchange of stock, such merger
or consolidation or issuance and exchange of stock shall become effective upon the
filing in the office of the Secretary of the State, a copy of the certificate of merger or
consolidation as to the terms of merger or consolidation or certificate as to the terms of
the issuance and exchange of stock and the certificate of the commissioner approving
and authorizing the proposed merger or consolidation or issuance and exchange of stock.
(1955, S. 2815d; P.A. 92-60, S. 6.)
History: Sec. 38-36 transferred to Sec. 38a-154 in 1991; P.A. 92-60 deleted references to "directors' agreement" and
further clarified the filing process with the secretary of the state of all mergers, consolidations and issuance of stocks in
the merger or consolidation of insurance companies.