58-27-40. Purchase money mortgage or other securities received by insurer upon sale or exchange of real property.
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/sd/title-58/chapter-58-27/58-27-40·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer may invest any of its funds in purchase money mortgages or like securities received by it upon the sale or exchange of real property acquired pursuant to § 58-27-50 .