Nev. Rev. Stat. § 319.171

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 319.171 - Investment in collateralized mortgage obligations or trusts

Except as otherwise provided in NRS 319.169 and 319.500, the Division may invest its money in collateralized mortgage obligations or in trusts created to finance, acquire or invest in collateralized mortgage obligations if the collateralized mortgage obligations or trusts so created are:

1. In furtherance of the purposes of the Division; and

2. Rated within one of the top three rating categories of a national rating service at the time the investment is made.

NRS 319.171

Added to NRS by 1987, 1351; A 1989, 1215; 2017, 3616

Amended by 2017, Ch. 532,§27, eff. 7/1/2017.

Added to NRS by 1987, 1351; A 1989, 1215