Sec. 37.23.040. Portfolio restrictions.
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/ak/title-37/chapter-23/37-23-040A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 37.23.040. Portfolio restrictions.
The portfolio of an investment pool under this chapter may not contain
(1)more than five percent of total investments in securities of one issuer unless the securities are an obligation of or guaranteed by the United States; or
(2)transactions in futures, options, derivative securities, or short sales.