Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-35 - BOOK-ENTRY SECURITIES
Rule 120-2-35-.10 - Deposits of Securities for Merging Companies
Universal Citation: GA Rules and Regs r 120-2-35-.10
Current through Rules and Regulations filed through March 20, 2024
Deposits of securities of a licensed company which is merged into another company will be transferred to the account of the surviving company by the amount of the deposit of the merged company. The custodian bank shall combine deposits in this manner only when instructed to do so in writing by the Commissioner of Insurance.
O.C.G.A. Secs. 33-2-9, 33-12-4, 33-12-8.
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