Securities.

The securities that are on deposit of a defaulting or insolvent company, or a company against which proceedings are pending under section 508.18 , shall vest in the state for the benefit of all policyholders of the company. [C73, §1173; C97, §1778; C24, 27, 31, 35, 39, § 8663; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.19 ] 85 Acts, ch 228, §2 ; 91 Acts, ch 26, §58 Referred to in §507.12 , 508.18