40 Pa. C.S. § 3508
Current through P.A. Acts 2023-66
On the effective date of the conversion, the corporate existence of the reciprocal insurer continues in the stock company. On the effective date of the conversion, the assets,rights, franchises and interests of the reciprocal insurer in and to every species of real, personal and mixed property and the accompanying things in action, are vested in the stock company, without a deed or other instrument of transfer and the stock company assumes the obligations and liabilities of the reciprocal insurer.
40 Pa.C.S. § 3508