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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 13: INVESTMENTS
24-A §1116. Trustees' or receivers' obligations
Universal Citation:
24-A ME Rev Stat § 1116 (2011 through 125th Legis)
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§1116. Trustees' or receivers' obligations
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, district or territory thereof, which, or the assets of which, are being administered under the direction of any court having jurisdiction, if such obligation is adequately secured as to principal and interest. [1969, c. 132, §1 (NEW).]
SECTION HISTORY
1969, c. 132, §1 (NEW).
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