Syfert Injury Law Firm

Your Trusted Partner in Personal Injury & Workers' Compensation

Call Now: 904-383-7448

2018 Georgia Code 33-14-43 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 33-14-43 Case Law from Google Scholar Amendments to OCGA 33-14-43

TITLE 33 INSURANCE

Section 14. Domestic Stock and Mutual Insurers, 33-14-1 through 33-14-109.

ARTICLE 2 DOMESTIC STOCK INSURERS

33-14-43. Authorization and procedure for merger or consolidation; receipt of consideration by directors, officers, agents, or employees.

  1. 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.
  2. 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.

(Code 1933, § 56-1534, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33.)

OPINIONS OF THE ATTORNEY GENERAL

Compliance required only if at least one of companies is domestic.

- This section insofar as it requires compliance with former Code 1933, §§ 56-1505 and 56-1506 (see now O.C.G.A. §§ 33-14-5 and33-14-6), can apply only where there is a merger of two domestic insurance companies or a merger of a domestic insurance company and a foreign insurance company, with the survivor being a Georgia company. 1963-65 Op. Att'y Gen. p. 19 (decided under former Code 1933, § 56-1534).

RESEARCH REFERENCES

Am. Jur. 2d.

- 43 Am. Jur. 2d, Insurance, § 62.

C.J.S.

- 44 C.J.S., Insurance, § 185 et seq.

API Error: Request was throttled. Expected available in 8 seconds.

No results found for Georgia Code 33-14-43.