A society shall invest its funds only in investments that are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds. [1987 c.490 § 22]

lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Oregon Statutes 748.412

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Laws: means the society's articles of incorporation, constitution and bylaws, however designated. See Oregon Statutes 748.103
  • Society: means fraternal benefit society, unless otherwise indicated. See Oregon Statutes 748.103

 

  Previous section
Next section  
 Financial Provisions Contents