Nebraska Statutes 21-1339. Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized
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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.
Terms Used In Nebraska Statutes 21-1339
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Company shall: include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.