17:27B-2. Acquisition of minority interests
72 words·~1 min read·
/nj/title-17/chapter-27b/17-27b-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Any parent corporation may, in the manner hereinafter prescribed, acquire all of the issued and outstanding shares of voting stock of its subsidiary insurer not owned by the parent corporation.
(2)The method authorized by this act for acquiring shares of a subsidiary insurer is not exclusive, but is in addition to any other lawful method for the acquisition of such shares.
L.1971, c. 132, s. 2, eff. May 6, 1971.