New York § 1602 Minimum ownership of subsidiaries' shares

New York Statutes

§ 1602 — Minimum ownership of subsidiaries' shares

New York § 1602

Law ISCInsurance

Art. 16Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities

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Bluebook

N.Y. Insurance § 1602 (2026).

Text

  § 1602. Minimum ownership of subsidiaries' shares.  A domestic insurer\nshall own not less than fifty-one percent of the issued and outstanding\nvoting shares of each of its subsidiaries.\n

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