7-7-29. Investment in service organizations, business development credit
corporations and service corporations.
An association may invest in capital stock, obligations, or other securities of service
organizations, and of business development credit corporations incorporated in this state, provided
that the aggregate of those investments shall not exceed 10% of its assets; in capital stock,
obligations, or other securities of any service corporation, provided that the aggregate of those
investments shall not exceed 10% of its assets. The commissioner may, by regulation, allow
investments in excess of those permitted by this section, if he finds that such investments promote
the viability and stability of the associations of this state.
Amended by Chapter 8, 1983 General Session
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Last revised: Thursday, May 28, 2009