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Vt. Stat. Ann. tit. 8, § 3430. Effect of merger or consolidation: Insurance Companies Generally – Vermont
Status: EnactedYear Enacted: 1967
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The several insurers parties to the agreement of merger or consolidation shall be a single insurer which shall be in case of a merger, the surviving insurer a party to the agreement of merger into which it has been agreed the other insurers parties to the agreement shall be merged, which surviving insurer shall survive the merger; or in case of a consolidation, the new insurer into which it has been agreed the insurers parties to the agreement of consolidation shall be consolidated.
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