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23-63-812. Obligations or stock of certain federal agencies.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-812. Obligations or stock of certain federal agencies.
An insurer may invest in the obligations, or stock where stated, of the following agencies of the United States Government, whether or not the obligations are guaranteed by the government:
(1) Commodity credit corporation;
(2) Notes, bonds, debentures, or other similar obligations issued by the Federal Land Banks, Federal Intermediate Credit Banks, or Banks for Cooperatives, or any other obligations issued pursuant to the provisions of an act of Congress known as the Farm Credit Act of 1971 and acts amendatory thereto;
(3) Federal home loan banks, and stock thereof;
(4) Federal National Mortgage Association, and stock thereof, when acquired in connection with the sale of mortgage loans to the association; and
(5) Any other similar agency of the United States Government and of similar financial quality.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-812
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-63-812
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 76f0467b28fdebcff78926c2d5e1f1534e5f59270ac24cf35192c7a566acdc72
Source location: content.xml paragraph 32431
Stored source content
23-63-812. Obligations or stock of certain federal agencies.
An insurer may invest in the obligations, or stock where stated, of the following agencies of the United States Government, whether or not the obligations are guaranteed by the government:
(1) Commodity credit corporation;
(2) Notes, bonds, debentures, or other similar obligations issued by the Federal Land Banks, Federal Intermediate Credit Banks, or Banks for Cooperatives, or any other obligations issued pursuant to the provisions of an act of Congress known as the Farm Credit Act of 1971 and acts amendatory thereto;
(3) Federal home loan banks, and stock thereof;
(4) Federal National Mortgage Association, and stock thereof, when acquired in connection with the sale of mortgage loans to the association; and
(5) Any other similar agency of the United States Government and of similar financial quality.
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