Delaware Code Title 18 Sec. 1314 – Common trust funds; mutual funds
Current as of: 2023 | Check for updates
|
Other versions
An insurer may invest in:
(1) A bank’s common trust fund as defined in § 584 of the United States Internal Revenue Code of 1954 [26 U.S.C. § 584]; and
(2) The securities of any open-end or closed-end management type investment company or investment trust registered with the Federal Securities and Exchange Commission under the Investment Company Act of 1940 [15 U.S.C. § 80a-1 et seq.] as from time to time amended, if such investment company or trust has assets of not less than $25,000,000 as at date of investment by the insurer.
18 Del. C. 1953, § ?1314; 56 Del. Laws, c. 380, § ?1; 59 Del. Laws, c. 79, § ?16;
Terms Used In Delaware Code Title 18 Sec. 1314
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302