New York Banking Law Section 603 - Issuance of new certificates of stock or other consideration.

 603.  Issuance  of new certificates of stock or other consideration.
  The receiving  corporation  may  require  the  return  of  the  original
  certificate  or  certificates held by each stockholder or shareholder in
  such other corporation or corporations and may issue in lieu thereof new
  certificates for such number of its own shares, or pay or  deliver  such
  other  consideration, as such stockholder or shareholder may be entitled
  to receive under the merger plan.

Last modified: February 3, 2019