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Rhode Island General Laws Title 27. Insurance § 27-1-44. Prohibition on the pledging of stock

Current as of January 01, 2024 | Updated by Findlaw Staff

No domestic insurance company, and no holding company as defined in § 27-35-1(d), shall pledge its own stock, or any stock of any domestic insurance company subsidiary, without the prior written consent of the director of business regulation. The provisions of this section shall not apply to any of these pledges in effect prior to August 5, 1996.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 27. Insurance § 27-1-44. Prohibition on the pledging of stock - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-27-insurance/ri-gen-laws-sect-27-1-44/

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