Nebraska Revised Statute 21-1339

Chapter 21 Section 1339

21-1339.

Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.

Obligations of a cooperative farm land company secured by a first mortgage on agricultural lands purchased by a cooperative farm land company shall be a lawful investment for funds of any insurance company which has conveyed real estate to the company to the full extent of the purchase price.

Source

  • Laws 1941, c. 38, § 7, p. 155;
  • C.S.Supp.,1941, § 24-2107;
  • R.S.1943, § 21-1339;
  • Laws 1991, LB 237, § 55.