Nebraska Statutes 8-712. Banks, trust companies, insurance companies, fiduciaries; investments in National Housing Act securities; authority to make
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It shall be lawful for banks, savings banks, trust companies, insurance companies, personal representatives, administrators, guardians, trustees, and other fiduciaries, the State of Nebraska and its political subdivisions, and institutions and agencies thereof, to invest their funds and the money in their custody or possession, eligible for investment, in bonds or notes secured by mortgages insured by the Federal Housing Administrator, in debentures issued by the Federal Housing Administrator, and in securities issued by national mortgage associations.
Source
- Laws 1935, c. 17, § 2, p. 92;
- Laws 1937, c. 13, § 2, p. 117;
- C.S.Supp.,1941, § 8-502;
- R.S.1943, § 8-712;
- Laws 1986, LB 909, § 10.
Terms Used In Nebraska Statutes 8-712
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801