2012 Statute
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40-2b16. Any life insurance company heretofore or hereafter organized under any law of this state may invest by loans or otherwise, with the direction or approval of a majority of its board of directors or authorized committee thereof, any of its funds, or any part thereof in certificates of deposit in a federally insured bank. |
History: L. 1972, ch. 179, § 16; July 1. |
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