40-2a02. State, District of Columbia, territorial and municipal obligations. - Kansas Statutes

40-2a02

Chapter 40.--INSURANCE Article 2a.--INVESTMENTS BY OTHER THAN LIFE INSURANCE COMPANIES

      40-2a02.   State, District of Columbia, territorial and municipalobligations.Any insurance company other than life heretofore or hereafter organizedunder any law of this state may invest with the direction or approval of amajority of its board of directors or authorized committee thereof, any ofits funds, or any part thereof in bonds or other evidences of indebtednessissued, assumed or guaranteed by the District of Columbia, or by any state,insular or territorial possession of the United States of America, or byany county, city, town, school, road, drainage or other district, locatedwithin any state, insular or territorial possession of the United States ofAmerica, or by any political or civil subdivision or governmental authorityof any such state, district or insular or territorial possession, or by anyagency or instrumentality of or authority related to any one or more suchstates, districts, or insular or territorial possessions, or political orcivil subdivisions.

      History:   L. 1972, ch. 173, § 2; July 1.