Alabama Statutes
§ 27-41-20 — Particular Investments - Leased Line Obligations of Railroads; Terminal Obligations of Railroads and Other Common Carriers
Alabama·Title 27 Insurance·Ch. 41 Investments of Domestic Insurers and Health Maintenance Organizations
An insurer may invest in:
(1)Leased line obligations of railroads where all of the fixed interest-bearing obligations of the lessee meet the standards prescribed in Section 27-41-15.
(2)Terminal obligations of railroads and other common carriers where all of the fixed interest-bearing obligations of the obligor meet the standards prescribed in Section 27-41-15.
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Alabama § 27-41-20 (Particular Investments - Leased Line Obligations of Railroads; Terminal Obligations of Railroads and Other Common Carriers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1977, No. 408, p. 530, §20.)