Guam § 15311 - Merger: Consolidation.
Full text of Guam Guam Code Annotated § 15311 — Merger: Consolidation., with citation guidance and answers to common questions.
§ 15311. Merger: Consolidation.
A domestic insurer may merge or consolidate with another
insurer, subject to the following conditions:
(a) The plan of merger or consolidation must be
submitted to and be approved by the Commissioner in
advance of the merger and consolidation.
(b) The Commissioner shall not approve any such plan
unless he finds, after a hearing, that it is fair, equitable,
consistent with law, and that no reasonable objection exists.
If the Commissioner fails to approve the plan, he shall state
his reasons for such failure in his order made on such hearing.
Frequently Asked Questions About Guam § 15311
What does Guam Code Annotated § 15311 cover?
Section 15311 ("Merger: Consolidation.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 15311?
A common citation format is "Guam Code Annotated § 15311" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15311 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.