§ 1601 Authority to invest in subsidiaries; businesses of subsidiaries
§ 1602 Minimum ownership of subsidiaries’ shares
§ 1603 Notice of intent to acquire or divest
§ 1604 Registration
§ 1605 When corporation is deemed a subsidiary
§ 1606 Valuation of shares of subsidiary
§ 1607 Subsidiary’s name not to mislead
§ 1608 Relationships and transactions between parent and subsidiary
§ 1609 Prohibitions on investments of subsidiaries
§ 1610 Authority to conduct certain business directly instead of through subsidiary
§ 1611 Aggregate limitations
§ 1612 Regulations

Terms Used In New York Laws > Insurance > Article 16 - Subsidiaries of Domestic Property/Casualty Insurance Companies and Certain Other Entities

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Devise: To gift property by will.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Intestate: Dying without leaving a will.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Subpoena: A command to a witness to appear and give testimony.