Section 736. Investments Acquired before Effective Date.--Any investment of a title insurance company lawfully acquired before the effective date of this amendment and which but for this section would be considered ineligible as an investment on such effective date, shall be disposed of within three years from such effective date. The commissioner, upon application and proof that forced sale of any such investment would be contrary to the best interests of the title insurance company and its policyholders, may extend the period for sale or disposal of such investment for a further reasonable time, in no event to exceed three years.
(736 added Aug. 14, 1963, P.L.922, No.439)