N.Y. ISC Law § 1715
This is the official text of N.Y. ISC Law § 1715, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Valuation of shares of subsidiaries
Official statutory text
§ 1715. Valuation of shares of subsidiaries. In determining the\nfinancial condition of a parent corporation, all stock of its\nsubsidiaries (except subsidiaries acquired or held under section four\nthousand two hundred forty of this chapter) shall be valued in\naccordance with subsections (c), (f) and (g) of section one thousand\nfour hundred fourteen of this chapter. Stock of subsidiaries acquired or\nheld under section four thousand two hundred forty of this chapter shall\nbe valued as required by section four thousand two hundred forty of this\nchapter.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.