Delaware Code Title 18 Sec. 4703 – Insurance holding corporation defined
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Within the intent of this chapter an insurance holding corporation is one owning or proposing to own a controlling stock interest in a stock insurer. Shares owned directly or indirectly by the corporation or by its subsidiary or affiliate corporation, firm or organization or by its officers, directors or principal stockholders shall be deemed to be owned by the corporation for the purposes of this provision.
18 Del. C. 1953, § ?4703; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 4703
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.