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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 16
Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities
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SECTION 1601
Authority to invest in subsidiaries; businesses of subsidiaries
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ARTICLE 16
Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities
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SECTION 1603
Notice of intent to acquire or divest
This entry was published on 2014-09-22
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SECTION 1602
Minimum ownership of subsidiaries' shares
Insurance (ISC) CHAPTER 28, ARTICLE 16
§ 1602. Minimum ownership of subsidiaries' shares. A domestic insurer
shall own not less than fifty-one percent of the issued and outstanding
voting shares of each of its subsidiaries.