§431:6-305 - Equipment trust obligations.
§431:6-305 Equipment trust obligations. An insurer may invest any of its funds, in an aggregate amount not exceedingten per cent of its assets, in equipment trust obligations or certificateswhich are adequately secured, or in other adequately secured instrumentsevidencing an interest in transportation equipment wholly or in part within theUnited States and the right to receive determined portions of rental, purchase,or other fixed obligatory payments for the use or purchase of suchtransportation equipment. [L 1987, c 347, pt of §2]