Maine Revised Statutes Title 10 Sec. 1031 – Loans eligible for investment
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Terms Used In Maine Revised Statutes Title 10 Sec. 1031
- Insured: means any individual, partnership, corporation, association or other entity which is the beneficiary of a loan insurance agreement with the authority. See Maine Revised Statutes Title 10 Sec. 963-A
- Loan: means an extension of credit made in consideration of a written promise of repayment or any other conditions that may be established by the authority, performance of which may be secured by mortgage. See Maine Revised Statutes Title 10 Sec. 963-A
Loans insured under this subchapter are made legal investments for all insurance companies, trust companies, banks, investment companies, savings banks, savings and loan associations, executors, trustees and other fiduciaries, public and private pension or retirement funds and other persons. [PL 2003, c. 537, §45 (AMD); PL 2003, c. 537, §53 (AFF).]
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1983, c. 519, §12 (AMD). PL 1985, c. 344, §54 (AMD). PL 2003, c. 537, §45 (AMD). PL 2003, c. 537, §53 (AFF).