2010 Georgia Code 33-14-43 Case Law
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One Click Case Law for § 33-14-43
O.C.G.A. § 33-14-42 <-- --> O.C.G.A. §33-14-44



2010 Georgia Code

TITLE 33 - INSURANCE

CHAPTER 14 - DOMESTIC STOCK AND MUTUAL INSURERS
ARTICLE 2 - DOMESTIC STOCK INSURERS
§ 33-14-43 - Authorization and procedure for merger or consolidation; receipt of consideration by directors, officers, agents, or employees

O.C.G.A. 33-14-43 (2010)
33-14-43. Authorization and procedure for merger or consolidation; receipt of consideration by directors, officers, agents, or employees


(a) A domestic stock insurer may merge or consolidate with one or more domestic, alien, or foreign stock corporations by complying with the applicable laws of this state governing the merger or consolidation of stock corporations formed for profit and Code Sections 33-14-5 and 33-14-6.

(b) No director, officer, agent, or employee of any insurer party to such merger or consolidation shall receive any fee, commission, compensation, or other valuable consideration whatsoever for or in any manner aiding, promoting, or assisting therein except as set forth in the plan or agreement.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com