1605 – When Corporation Is Deemed a Subsidiary.
§ 1605. When corporation is deemed a subsidiary. (a) For the purposes of this article: (1) any corporation a majority of whose outstanding voting shares is owned or controlled by another corporation shall be deemed the latter’s subsidiary, and (2) any corporation whose voting shares are held by a domestic insurance company pursuant to section […]
1601 – Authority to Invest in Subsidiaries; Businesses of Subsidiaries.
§ 1601. Authority to invest in subsidiaries; businesses of subsidiaries. (a) (1) A domestic insurer authorized to make investments by subsection (c) of section one thousand four hundred three of this chapter may, subject to section one thousand two hundred eighteen of this chapter invest in, or otherwise acquire, subsidiaries engaged or organized to engage […]