75-69-7 - Insurance companies investing in farm credit securities. - Mississippi Statutes

§ 75-69-7. Insurance companies investing in farm credit securities.
 

Any insurance company, hospital service association or burial association organized under the laws of the State of Mississippi, or properly domesticated within this state, and permitted to do business herein, may purchase farm credit securities with its capital, provided that there shall not be invested at any one time, in said securities, more than twenty-five percent (25%) of the total assets of any such association or company; but any such company may invest its accumulated funds and its reserves in said securities at its pleasure and without limitation hereby; and a deposit of said securities by any such foreign company, under the provisions of any law of this state, shall be accepted by the State of Mississippi as a compliance with such provision. 
 

Sources: Codes, Hemingway's 1921 Supp. § 4533d; 1930, § 4676; 1942, § 4761; Laws,  1920, ch. 182; Laws, 1958, ch. 139, § 4.