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Part 3 · Asset transfers among insurers  ›  Division 1 · Transfer of the assets of a stock corporation to mutual insurance companies or to public-law insurers › Section 178

Application of the rules governing mergers

(1) In the case of a full transfer in accordance section 175 no. 2 letter (a), and unless the following provisions lead to a different conclusion, the provisions of Book 2 respectively applying to the merger by absorption of a stock corporation and the provisions of Book 2 respectively applying to an acquiring mutual insurance company in the case of a merger are to be applied accordingly to the legal entities involved.

(2) Section 176 (2) to (4) is to be applied accordingly.

(3) The laws of the Federation or the laws of a federal Land governing an acquiring public-law insurer determine whether the asset transfer agreement, in order to take effect, must also be consented to by some other body of the public-law insurer than that authorised to represent same, or by any other authority, and what requirements must be met in order for such consent to be granted.

Subdivision 2
Partial transfer

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