ARTICLE 6. Foreign Investments [1240. - 1242.]

Article 6 enacted by Stats. 1935, Ch. 145.

§§ 1240–1242 · 5 sections

• § 1240 The following definitions shall apply in this article: (a) “Foreign currency” means a currency other than that of the United States. (b) “Foreign investment”…
• § 1241 (a) Subject to the limitation in Section 1242, and except for those foreign investments permitted under Section 1192.95, a domestic insurer may acquire foreign…
• § 1241.1 (a) No domestic insurer shall acquire any investment respecting a foreign jurisdiction, or any investment denominated in the currency of that foreign…
• § 1241.2 (a) The Legislature finds and declares all of the following: (1) The federal Securities and Exchange Commission has determined that business activities in…
• § 1242 (a) (1) Except as otherwise specified in Section 1241, a domestic insurer shall not acquire directly or indirectly through an investment subsidiary, an…