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 do allof the following: 1. Invest funds from surplus for such purpose. 2. Make loans to such subsidiaries. 3. Permit all or part of itsofficers and directors to serve as officers or directors of such subsidiary companies.
‹ Prev All Iowa sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.