Idaho Code 41-3221 – Investments
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 41-3221
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Laws: shall mean the society’s articles of incorporation, constitution and bylaws, however designated. See Idaho Code 41-3204
- Society: shall mean fraternal benefit society, unless otherwise indicated. See Idaho Code 41-3204
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
A society shall invest its funds only in such investments as 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.