Section 8156

(d) The term “net asset value” as used in this Section shall mean the total quoted or estimated market value of all securities or other assets owned, less that total of all determinable liabilities, as reported by such common trust fund, commingled fund, investment trust or mutual fund. (e) Limitation: (1) The investment in units, preferred, common and capital stock of any one common trust fund, commingled fund, investment trust or mutual fund shall not exceed five percent (5%) of the Fund at cost; and (2) The aggregate of all investments under this Section, except for investment fund purchases of cash equivalents authorized under § 8149, bonds authorized under §§ 8150 through 8154, domestic and foreign preferred stock authorized under § 8156, and common or capital stock authorized under § 8157, shall not exceed thirty percent (30%) of the Fund at cost. SOURCE: GC § 4225.15. Repealed by P.L. 26-035:IV:27 (Sept. 28, 2001). Reenacted to its prior version by P.L. 26- 058:XI:10 (Nov. 20, 2001). Amended by P.L. 28-135:2 (July 11, 2006), P.L. 32-086:16 (Nov. 27, 2013). 2025 NOTE: The Compiler has corrected manifest errors in past publications of the GCA, including omissions of legislative history.