Particular Investments - Obligations Issued, Etc., by International Bank

Ala. Code § 27-41-14 — under Title 27.

Ala. Code § 27-41-14

for Reconstruction and Development and National Mortgage Association.

(a) An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development. (b) An insurer may invest in the obligations of the Federal National Mortgage Association. (c) An insurer may invest in obligations issued, assumed, or guaranteed by the African Development Bank.

History: (Acts 1977, No. 408, p. 530, §14; Acts 1987, No. 87-594, p. 1033, §1.)