§ 42-34-13. Mortgages eligible for investment.
Mortgages insured by the authority under this chapter and participations therein are hereby made legal investments for all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business, all credit unions, all administrators, guardians, executors, trustees, conservators, and other fiduciaries, pension, profit-sharing and retirement funds and all other persons whatsoever who are now or may hereafter be authorized to invest in obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them.
History of Section.P.L. 1958, ch. 91, § 14; P.L. 1977, ch. 78, § 9.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-34 - Industrial-Recreational Building Authority
Section 42-34-1. - Creation of authority.
Section 42-34-3. - Credit of state pledged.
Section 42-34-4. - Organization of authority.
Section 42-34-6. - Definitions.
Section 42-34-8. - Permission to lease or rent property after default.
Section 42-34-9. - Mortgage insurance fund: Subrogation.
Section 42-34-10. - Insurance of mortgages.
Section 42-34-11. - Mortgage insurance premiums.
Section 42-34-12. - Authority’s expenses.
Section 42-34-13. - Mortgages eligible for investment.
Section 42-34-14. - Record of accounts.
Section 42-34-15. - Additions to mortgage insurance fund.
Section 42-34-15.1. - Agreement of state.
Section 42-34-16. - Interest of members of authority.