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Section 255. Upon approval or adoption in the meetings of the stockholders - Insurance Code (usually included in commercial codals)

Section 255. Upon approval or adoption in the meetings of the stockholders of Insurance Code (usually included in commercial codals). Section 255. Upon approval or adoption in the meetings of the stockholders or members called for the purpose in each of the constituent companies

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Insurance Code (usually included in commercial codals)

Section 255. Upon approval or adoption in the meetings of the stockholders or members called for the purpose in each of the constituent companies of the agreement to merge or consolidate, all stockholders or members dissenting or objecting to merger or consolidation shall be paid the value of their shares by the company concerned in accordance with the by-laws thereof.

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