Insurance Code section 11422

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.

Source: Section 11422, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=11422. (updated Jan. 1, 1935; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 11422’s source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_11422

Original Source: Section 11422, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=11422. (last accessed May 12, 2025).