PART V. FINANCIAL

 

§432:2-501  Investments.  A societyshall invest its funds only in such investments as are authorized by the lawsof this State for the investment of assets of life insurers and subject to thelimitations thereon.  Any foreign or alien society permitted or seeking to dobusiness in this State which invests its funds in accordance with the laws ofthe state, district, territory, country or province in which it isincorporated, shall be held to meet the requirements of this section for theinvestment of funds. [L 1987, c 347, pt of §2]