56-29-112 - Investment of corporation funds.

56-29-112. Investment of corporation funds.

The funds of the service corporations, subject to this chapter, shall be invested only in securities permitted by the law of this state for the investment of assets of life insurance companies.

[Acts 1949, ch. 234, § 14; C. Supp. 1950, § 4186.56 (Williams, § 4186.59); T.C.A. (orig. ed.), § 56-3112.]