Mass. Gen. Laws ch. 167 § 15j
Current through Chapter 223 of the 2024 Legislative Session
An entity that may invest pursuant to section 15A or the legal list may invest in the capital stock of any insurance company that may conduct a fire and casualty insurance business; provided, however, that no insurance stock shall be purchased if the cost of the insurance stock added to the cost of insurance stocks and bank stocks already owned shall exceed 66 2/3 per cent of the total of the assets of the entity.
Mass. Gen. Laws ch. 167, § 15j