Section 408:34 Deposit of Securities. - New-hampshire Statutes

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXVII > CHAPTER408 > 408-34

Any corporation organized under the laws of this state which has been authorized by the commissioner to issue variable contracts shall deposit all securities representing the assets of a segregated fund for a variable contract account and all uninvested cash of such a fund with a custodian which shall be a bank or trust company, either within or without the state of New Hampshire, approved by the commissioner.

Source. 1967, 272:2. 1977, 264:4. 1987, 246:4, eff. May 18, 1987.

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXVII > CHAPTER408 > 408-34

Any corporation organized under the laws of this state which has been authorized by the commissioner to issue variable contracts shall deposit all securities representing the assets of a segregated fund for a variable contract account and all uninvested cash of such a fund with a custodian which shall be a bank or trust company, either within or without the state of New Hampshire, approved by the commissioner.

Source. 1967, 272:2. 1977, 264:4. 1987, 246:4, eff. May 18, 1987.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-hampshire > TITLEXXXVII > CHAPTER408 > 408-34

Any corporation organized under the laws of this state which has been authorized by the commissioner to issue variable contracts shall deposit all securities representing the assets of a segregated fund for a variable contract account and all uninvested cash of such a fund with a custodian which shall be a bank or trust company, either within or without the state of New Hampshire, approved by the commissioner.

Source. 1967, 272:2. 1977, 264:4. 1987, 246:4, eff. May 18, 1987.