§ 8016. Prohibited transactions by officers, directors and employees.\nNo director, officer, agent or employee of the reorganizing insurer\nshall receive any fee, commission or other valuable consideration\nwhatsoever, other than regular salary and compensation, for in any\nmanner aiding, promoting or assisting in the reorganization except as\nset forth in the plan approved by the superintendent.\n
N.Y. Ins. Law § 8016
Prohibited transactions by officers, directors and employees
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.