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Code · Nebraska · Chapter 21 — Corporations and Other Companies

21-1339. Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.

49 words·~1 min read·/ne/chapter-21/21-1339

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Obligations of a cooperative farm land company secured by a first mortgage on agricultural lands purchased by a cooperative farm land company shall be a lawful investment for funds of any insurance company which has conveyed real estate to the company to the full extent of the purchase price.
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