Alabama Statutes
§ 27-41-23 — Particular Investments - Certificates, Etc., Issued by Trustees or Receivers of Institutions Being Administered Under Court Direction
Alabama·Title 27 Insurance·Ch. 41 Investments of Domestic Insurers and Health Maintenance Organizations
An insurer may invest in certificates, notes, or other obligations issued by trustees or receivers of any institution created or existing under the laws of the United States or of any state thereof which, or the assets of which, are being administered under the direction of any court having jurisdiction if any such obligation is adequately secured as to principal and interest.
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Alabama § 27-41-23 (Particular Investments - Certificates, Etc., Issued by Trustees or Receivers of Institutions Being Administered Under Court Direction) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1977, No. 408, p. 530, §23.)