{"data":{"id":"us-ma/mass.-gen.-laws-ch.-175-66d","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 175, § 66D","heading":"Life companies; investment in and acquisition of stock of subsidiary corporations","body":"Section 66D. A domestic life company may invest in, acquire and hold fifty-one percent or more of the capital stock of any corporation as a subsidiary which is: a corporation providing investment advisory or management services; a corporation providing sales services to an investment company; a real property holding, developing, managing or leasing corporation; a data processing or computer service corporation; or a corporation whose business has been approved by the commissioner as complementary or supplementary to the business of a domestic life company; provided, however, that such percentage of capital stock may with the approval of the commissioner be less than fifty-one, excepting (1) an insurance company authorized to transact in the commonwealth the business set forth in the First, Second, Third, Fourth, Fifth or Eighth clause of section forty-seven, and (2) a corporation licensed by the commonwealth as an insurance agent or insurance broker for any business set forth in said clauses.","path":["Part I","Title XXII","Chapter 175"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter175/Section66D","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:24:05Z","sha256":"46ea4dfe3f9520d955c6644382bbe852543404d8bf0b23e21979d52c50c36f2b","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-175-66c","next":"us-ma/mass.-gen.-laws-ch.-175-66e"},"notice":"GroundRules: Original legal text. Not legal advice."}