Iowa Code § 521.19

Current through bills signed by governor as of 5/17/2024
Section 521.19 - Merger or consolidation effective with division

A dividing insurer and the dividing insurer's officers, directors, and shareholders shall have the authority to adopt and execute a plan of merger or consolidation on behalf of a resulting insurer, to execute and deliver documents, plans, certificates, and resolutions, and to make any filings on behalf of such resulting insurer. If provided in a plan of merger or consolidation, the merger or consolidation shall be effective simultaneously with the effectiveness of a division pursuant to 521I.10.

Iowa Code § 521.19

Added by 2019 Iowa, ch 20, s 19, eff. 7/1/2019.