Rhode Island § 27-1-44 § 27-1-44. Prohibition on the pledging of stock.

Rhode Island Statutes

§ 27-1-44 — § 27-1-44. Prohibition on the pledging of stock.

Rhode Island·Title 27 Insurance·Ch. 27-1 Domestic Insurance Companies

§ 27-1-44. Prohibition on the pledging of stock.
No domestic insurance company, and no holding company as defined in § 27-35-1(6), shall pledge its own stock, or any stock of any domestic insurance company subsidiary,
            without the prior written consent of the director of business regulation. The provisions
            of this section shall not apply to any of these pledges in effect prior to August
            5, 1996.
         

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§ 27-1-44. Prohibition on the pledging of stock.

No domestic insurance company, and no holding company as defined in § 27-35-1(6), shall pledge its own stock, or any stock of any domestic insurance company subsidiary, without the prior written consent of the director of business regulation. The provisions of this section shall not apply to any of these pledges in effect prior to August 5, 1996.

Rhode Island § 27-1-44 (§ 27-1-44. Prohibition on the pledging of stock.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.