New York Insurance Law Section 8012 - Directors and officers.

  8012.  Directors  and officers. Except as otherwise provided in the
  plan of reorganization and subject to subsection (d)  of  section  eight
  thousand  seventeen  of  this article, the directors and officers of the
  reorganizing insurer shall  serve  as  directors  and  officers  of  the
  reorganized  insurer,  any  stock holding company and the mutual holding
  company until new directors and officers  have  been  duly  elected  and
  qualified  pursuant  to  the charter or certificate of incorporation and
  the by-laws of the respective companies.

Last modified: February 3, 2019