§ 309.72

309.72 ACQUISITION OF INTERESTS IN INSURANCE. An organization described in section 170(c) of the Internal Revenue Code of 1986, as amended through December 31, 1991, may purchase, accept, or otherwise acquire an interest in a life insurance policy as beneficiary or owner, as provided in section 60A.0783, subdivision 2, paragraph (f). History: 1992 c 483 s 3; 2010 c 382 s 63