No nonprofit legal service corporation, as defined in section 38a-230, shall invest its funds in any security other than those permitted by the general statutes for trust funds, except that no funds of such legal service corporation shall be invested in real estate mortgages.
(P.A. 79-234, S. 9; P.A. 90-243, S. 161.)
History: P.A. 90-243 added a reference to “nonprofit” legal service corporation; Sec. 38-409 transferred to Sec. 38a-238 in 1991.
Structure Connecticut General Statutes
Chapter 698b - Prepaid Legal Services
Section 38a-234. (Formerly Sec. 38-405). - Incorporation of legal service corporations.
Section 38a-235. (Formerly Sec. 38-406). - Nature of contract and mandatory provisions.
Section 38a-238. (Formerly Sec. 38-409). - Investment of legal service corporation funds.
Section 38a-240. (Formerly Sec. 38-411). - Legal service corporation property exempt from taxes.
Section 38a-243. (Formerly Sec. 38-414). - Plan to permit subscribers to choose their own attorneys.
Section 38a-244. (Formerly Sec. 38-415). - Applicability.
Section 38a-245. (Formerly Sec. 38-416). - Solicitation of subscribers; prohibited acts.