California Insurance Code

§ 11422

INS § 11422Div. 2 · Part 2 · Ch. 11 · Art. 1

Statute text

The transformed insurer is a continuation of the original insurer. Its officers elected before or during the transformation serve through their respective terms as provided in the articles and by-laws under which they were elected. Their successors shall be elected and serve as the law and its articles and by-laws provide after the transformation. Such transformation shall not affect existing suits, rights or contracts.

Legislative history

Enacted by Stats. 1935, Ch. 145.