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Current as of January 01, 2025 | Updated by Findlaw Staff
Any insurance company, hospital service association or burial association organized under the laws of the State of Mississippi, or properly domesticated within this state, and permitted to do business herein, may purchase farm credit securities with its capital, provided that there shall not be invested at any one time, in said securities, more than twenty-five per cent (25%) of the total assets of any such association or company; but any such company may invest its accumulated funds and its reserves in said securities at its pleasure and without limitation hereby; and a deposit of said securities by any such foreign company, under the provisions of any law of this state, shall be accepted by the State of Mississippi as a compliance with such provision.
Cite this article: FindLaw.com - Mississippi Code Title 75. Regulation of Trade, Commerce and Investments § 75-69-7 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-75-regulation-of-trade-commerce-and-investments/ms-code-sect-75-69-7/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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