Section 1715. Valuation of shares of subsidiaries

Latest version.

In determining the
  financial  condition  of  a  parent  corporation,  all  stock   of   its
  subsidiaries  (except  subsidiaries  acquired or held under section four
  thousand  two  hundred  forty  of  this  chapter)  shall  be  valued  in
  accordance  with  subsections  (c),  (f) and (g) of section one thousand
  four hundred fourteen of this chapter. Stock of subsidiaries acquired or
  held under section four thousand two hundred forty of this chapter shall
  be valued as required by section four thousand two hundred forty of this
  chapter.

                    
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