Cal. INS § 11422
This is the official text of Cal. INS § 11422, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory 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.
Status: in_force · Read it on the official government site
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