The limitations provided in ORS § 733.654 and 733.656 do not apply to the investment of separate account funds in the securities of an investment company registered under the federal Investment Company Act of 1940, as amended, if the investments of the investment company comply in substance with ORS § 733.654 and 733.656. [1973 c.435 § 12; 1997 c.249 § 219]

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[1967 c.359 § 244; repealed by 2001 c.318 § 13]