SEC. 83-41-121. Investment of funds.

The funds of any corporation subject to the provisions of this article shall be invested only in securities permitted by the law of this state for the investment of assets of life insurance companies.

SOURCES: Codes, 1942, Sec. 5615-11; Laws, 1948, ch. 349, Sec. 11.

1997 Amendment

SECTION 2. Sections 83-41-101, 83-41-103, 83-41-105, 83-41-107, 83-41-109, 83-41-111, 83-41-113, 83-41-115, 83-41-117, 83-41-119, 83-41-121, 83-41-123, 83-41-125, 83-41-127, 83-41-129 and 83-41-131, Mississippi Code of 1972, which provide for the organization and regulation of nonprofit hospital, medical and surgical service corporations by the Commissioner of Insurance, are repealed.

SOURCE: 1997 Laws, Chapter 307, Sec. 2, SB2066, Effective July 1, 1997.