New York § 1609 - 1609Prohibitions on investments of subsidiaries
Full text of New York New York Consolidated Laws § 1609 — 1609Prohibitions on investments of subsidiaries, with citation guidance and answers to common questions.
§ 1609. 1609Prohibitions on investments of subsidiaries
§ 1609. Prohibitions on investments of subsidiaries. No subsidiary acquired by a domestic insurance company pursuant to this article shall make any investment prohibited by subsection (a) of section one thousand four hundred seven of this chapter except that an alien subsidiary may make investments in excess of the limitations described in paragraph seven of such subsection if found by the superintendent to be reasonably necessary to protect the interests of the parent corporation or those of its alien subsidiary and not prejudicial to the interests of the people of this state.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 1609
What does New York Consolidated Laws § 1609 cover?
Section 1609 ("1609Prohibitions on investments of subsidiaries") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 1609?
A common citation format is "New York Consolidated Laws § 1609" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 1609 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.