There is a newer version
of
this Section
2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 167 - Supervision of Banks
Section 15j - Investment in Capital Stock of Insurance Company Conducting Fire and Casualty Insurance Business
Universal Citation: MA Gen L ch 167 § 15j (2019)
Section 15J. An entity that may invest pursuant to section 15A or the legal list may invest in the capital stock of any insurance company that may conduct a fire and casualty insurance business; provided, however, that no insurance stock shall be purchased if the cost of the insurance stock added to the cost of insurance stocks and bank stocks already owned shall exceed 662/3 per cent of the total of the assets of the entity.
Disclaimer: These codes may not be the most recent version. Massachusetts may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
