58-5-157. Investment of funds in securities.
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/sd/title-58/chapter-58-5/58-5-157A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to any investment permitted pursuant to § 58-5-156 , a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following:
(1)The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156 ; or
(2)The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.