Section 1559 Of Article 16. Merger Of Certain Reciprocal Insurers From California Insurance Code >> Division 1. >> Part 2. >> Chapter 3. >> Article 16.
1559
. (a) For all purposes for a merger in which the surviving
entity is a domestic reciprocal insurer and a domestic incorporated
insurer is not a constituent corporation as that term is defined
under Section 161 of the Corporations Code, a copy of the certificate
of merger duly certified by the commissioner is conclusive evidence
of the merger of the constituent reciprocal insurers, either by
themselves or together with any foreign incorporated insurers, into
the surviving reciprocal insurer.
(b) For all purposes for a merger in which the surviving entity is
a domestic reciprocal insurer and a domestic incorporated insurer is
a "constituent corporation" as that term is defined under Section
161 of the Corporations Code, a copy of the certificate of merger
duly certified by the Secretary of State is conclusive evidence of
the merger of the constituent reciprocal insurers, either by
themselves or together with constituent incorporated insurers, into
the surviving reciprocal insurers.
(c) For all purposes for a merger in which the surviving entity is
a domestic incorporated insurer and the disappearing entity is a
domestic reciprocal insurer, a copy of the certificate of merger duly
certified by the Secretary of State is conclusive evidence of the
merger of the constituent insurers.