Ala. Code § 27-41-20

Current with legislation from 2024 effective through May 17, 2024.

Section 27-41-20 - Particular investments - Leased line obligations of railroads; terminal obligations of railroads and other common carriers

An insurer may invest in:

(1) Leased line obligations of railroads where all of the fixed interest-bearing obligations of the lessee meet the standards prescribed in Section 27-41-15.

(2) Terminal obligations of railroads and other common carriers where all of the fixed interest-bearing obligations of the obligor meet the standards prescribed in Section 27-41-15.

Ala. Code § 27-41-20 (1975)

Acts 1977, No. 408, p. 530, §20.