20-547. Equipment trust certificates
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/az/title-20/20-547A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer may invest in equipment trust obligations or certificates which in the opinion of the director are adequately secured, or other instruments so secured and evidencing an interest in transportation equipment, wholly or in part within the United States, which carry the right to receive determined portions of rental, purchase or other fixed obligatory payments to be made for the use or purchase of the transportation equipment.