Section 27-41-22 Particular investments - Loans secured by liens on interests in oil, gas or condensate properties, etc. - Alabama Statutes

Section 27-41-22

Particular investments - Loans secured by liens on interests in oil, gas or condensate properties, etc.

An insurer may invest in adequately secured loans secured by first liens on interests in oil, gas or condensate properties or leaseholds in the United States and Canada on which there are fully completed commercially producing wells.

(Acts 1977, No. 408, p. 530, §22.)