Alabama Statutes
§ 27-41-22 — Particular Investments - Loans Secured by Liens on Interests in Oil, Gas, or Condensate Properties, Etc
Alabama·Title 27 Insurance·Ch. 41 Investments of Domestic Insurers and Health Maintenance Organizations
An insurer may invest in adequately secured loans secured by first liens on interests in oil, gas, or condensate properties or leaseholds in the United States and Canada on which there are fully completed commercially producing wells.
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Alabama § 27-41-22 (Particular Investments - Loans Secured by Liens on Interests in Oil, Gas, or Condensate Properties, Etc) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1977, No. 408, p. 530, §22.)