§ 10-3-233 — Disposition of certain real estate

Any parcel of real estate
qualifying as an admitted asset under section 10-3-218 or 10-3-219 at the time of its
acquisition by the company and which has not been transferred to qualification as
an admitted asset under any other section of this part 2 shall be sold within five
years after such acquisition or within five years after its use for the accommodation
of the company's business has entirely ceased, whichever is later, unless the
company procures a certificate from the commissioner that the company's interests
will suffer by such a sale, in which event the time may be extended as the
commissioner shall direct in such certificate.

Legislative History

Source: L. 69: p. 498, � 5. C.R.S. 1963: � 72-2-40. L. 81: Entire section amended, p. 530, � 8, effective July 1.