Louisiana Revised Statutes 22:301 – Investments
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Terms Used In Louisiana Revised Statutes 22:301
- 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 Louisiana Revised Statutes 22:284
- Society: means fraternal benefit society. See Louisiana Revised Statutes 22:284
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 requirement of this Section for the investment of funds.
Acts 1958, No. 125. Acts 1987, No. 470, §1, eff. Jan. 1, 1988; Redesignated from La. Rev. Stat. 22:561 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.