Ala. Code § 27-41-22

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

Section 27-41-22 - Particular investments - Loans secured by liens on interests in oil, gas, or condensate properties, etc

An insurer may invest in adequately secured loans secured by first liens on interests in oil, gas, or condensate properties or leaseholds in the United States and Canada on which there are fully completed commercially producing wells.

Ala. Code § 27-41-22 (1975)

Acts 1977, No. 408, p. 530, §22.