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A-32 - Act respecting insurance

Section 255
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255. (Repealed).
1974, c. 70, s. 255; 1979, c. 33, s. 16; 1982, c. 26, s. 287; 1984, c. 22, s. 49.
255. Any insurer other than a mutual association may make loans secured by the shares of a corporation, the shares or preferred shares of a cooperative and bonds or other securities which it is authorized to acquire and hold. Such loans are subject to the same restrictions and conditions as investment in such securities.
1974, c. 70, s. 255; 1979, c. 33, s. 16; 1982, c. 26, s. 287.
255. Any insurer other than a mutual association may make loans secured by the shares of a corporation or of a cooperative agricultural association, the shares or preferred shares of a cooperative association and bonds or other securities which it is authorized to acquire and hold. Such loans are subject to the same restrictions and conditions as investment in such securities.
1974, c. 70, s. 255; 1979, c. 33, s. 16.
255. Any insurer other than a mutual association may make loans secured by the shares of a corporation or of a cooperative agricultural association, the preferred shares of a cooperative association or bonds which it is authorized to acquire and hold. Such loans shall be subject to the same restrictions and conditions as investment in such securities.
1974, c. 70, s. 255.
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