Section 58-27-40 - Purchase money mortgage or other securities received by insurer upon sale orexchange of real property.
58-27-40. Purchase money mortgage or other securities received by insurer upon sale or exchange of real property. An insurer may invest any of its funds in purchase money mortgages or like securities received by it upon the sale or exchange of real property acquired pursuant to § 58-27-50.
Source: SL 1966, ch 111, ch 6, § 24 (3).