Financial statement by parent satisfactory for subsidiary in

certain instances Sec. 3. If the applicant is a subsidiary corporation, the submission of the statement of financial position of the ultimate parent satisfies the requirement under section 1 of this chapter if the applicant has been a subsidiary of the parent for at least one (1) year before the submission of the statement of financial position. [Pre-1996 Recodification Citation: 13-7-22-2(e).] As added by P.L.1-1996, SEC.10.