21-1339. Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.Obligations of a cooperative farm land company secured by a first mortgage on agricultural lands purchased by a cooperative farm land company shall be a lawful investment for funds of any insurance company which has conveyed real estate to the company to the full extent of the purchase price.Source Laws 1941, c. 38, § 7, p. 155; C.S.Supp.,1941, § 24-2107; R.S.1943, § 21-1339; Laws 1991, LB 237, § 55.
Nebraska Legal Code