Idaho Code § 41-717

Current through the 2024 Regular Session
Section 41-717 - EQUIPMENT TRUST OBLIGATIONS

An insurer may invest any of its funds, in an aggregate amount not exceeding ten per cent (10%) of its assets, in equipment trust obligations or certificates which are adequately secured or in other adequately secured instruments evidencing an interest in transportation equipment wholly or in part within the United States and the right to receive determined portions of rental, purchase or other fixed obligatory payments for the use or purchase of such transportation equipment.

Idaho Code § 41-717

[41-717, added 1961, ch. 330, sec. 154, p. 645.]