508.33 - SUBSIDIARY COMPANIES ACQUIRED.

        508.33  SUBSIDIARY COMPANIES ACQUIRED.         Any life insurance company incorporated in this state may      organize, or acquire by purchase, in whole or in part subsidiary      insurance and investment companies in which it owns not less than      fifty-one percent of the common stock, and notwithstanding any other      provisions of this subtitle inconsistent herewith may (1) invest      funds from surplus for such purpose, (2) make loans to such      subsidiaries, and (3) permit all or part of its officers and      directors to serve as officers or directors of such subsidiary      companies.  
         Section History: Early Form
         [C66, 71, 73, 75, 77, 79, 81, § 508.33]         Referred to in § 511.8(18b)