33-11-84. Qualification in investment pool.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

For an investment in an investment pool to be qualified under this article, the investment pool shall not:
(1)
Acquire securities issued, assumed, guaranteed, or insured by the insurer or an affiliate of the insurer;#
(2)
Borrow or incur an indebtedness for borrowed money, except for securities lending and reverse repurchase transactions that meet the requirements of this article; or#
(3)
Permit the aggregate value of securities then loaned or sold to, purchased from, or invested in any one business entity under this article to exceed 10 percent of the total assets of the investment pool.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 33-11A-5, enacted by Ga. L. 1997, p. 1042, § 1; Code 1981, § 33-11-84, as redesignated by Ga. L. 1999, p. 592, §§ 13, 15.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, page 578; merge action: carried; file SHA-256 4ecec175d949.

Ask about this section

The answer is drawn from this section and, when they fit, the other sections of its chapter. It quotes the text and names the section for each claim. Not legal advice.