Any subsidiary company shall be a separate and distinct company, with neither the organizing or acquiring lifecompany nor such subsidiary having any liability tothe creditors, policyholders or stockholders, if any, of the other. The organizing or acquiring company may be either a mutual or stock company.
‹ 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.