Section 58-27-25 - Insurer acquiring controlling interest in another stock insurer--Limitation as to amount

58-27-25. Insurer acquiring controlling interest in another stock insurer--Limitation as to amount.An insurer may acquire and hold the controlling interest in the outstanding voting stock of another stock insurer formed under the laws of this or another state. All stocks under this section shall be subject to the limitation as to amount as provided in §58-27-27. Source: SL 1966, ch 111, ch 6, §15 (2).