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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 80
Mutual Holding Company
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SECTION 8015
Limitations of actions; security
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ARTICLE 80
Mutual Holding Company
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SECTION 8017
Requirements applicable to a mutual holding company
This entry was published on 2014-09-22
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SECTION 8016
Prohibited transactions by officers, directors and employees
Insurance (ISC) CHAPTER 28, ARTICLE 80
§ 8016. Prohibited transactions by officers, directors and employees.
No director, officer, agent or employee of the reorganizing insurer
shall receive any fee, commission or other valuable consideration
whatsoever, other than regular salary and compensation, for in any
manner aiding, promoting or assisting in the reorganization except as
set forth in the plan approved by the superintendent.