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Underwritten Title Company Merger or Transfer of Substantially All of Business or Property - CIC Section 1011(c)
Whether or not there is a restriction on any stock certificate for an underwritten title company, underwritten title companies must apply for and receive consent of the Department prior to merging or when substantially all of their business or assets are going to be transferred, including transfers by stock purchase. For underwritten title company applicants filing a 1011(c) application for consent to a transfer of all or substantially all of its business, including a transfer of substantially all of its shares, the UTC must also file a completed "Checklist for Requests to Transfer Shares of an Underwritten Title Company," available on the Department's Web site together with the referenced documents.
Merger Application Instructions