Section 27-41-20 Particular investments - Leased line obligations of railroads; terminal obligations of railroads and other common carriers. - Alabama Statutes

Section 27-41-20

Particular investments - Leased line obligations of railroads; terminal obligations of railroads and other common carriers.

An insurer may invest in:

(1) Leased line obligations of railroads where all of the fixed interest-bearing obligations of the lessee meet the standards prescribed in Section 27-41-15.

(2) Terminal obligations of railroads and other common carriers where all of the fixed interest-bearing obligations of the obligor meet the standards prescribed in Section 27-41-15.

(Acts 1977, No. 408, p. 530, §20.)