Section 37.23.035. Securities lending.

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Securities held by an investment pool may be loaned if the securities are fully collateralized and the collateral is, for safekeeping, in the possession of a person who is independent of the borrowers. The collateral must meet institutional and prudent investor standards. All pool proceeds from securities lending must inure to the benefit of investment pool participants.

Notes

History

(Sec. 2 ch 49 SLA 1994)

                    
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