State Codes and Statutes
Statutes > Alabama > Title27 > Chapter41 > 27-41-20Section 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.)