                                 CODE OF VIRGINIA

INVESTMENTS (§ 38.2-4121)

A society shall invest its funds only in investments authorized by Chapter 14 of
this title for the investment of assets of life insurers and subject to the
limitations thereon. Any foreign or alien society permitted or seeking to do
business in this Commonwealth which invests its funds in accordance with the
laws of the state, district, territory, country or province in which it is
incorporated, shall be held to meet the requirements of this section for the
investment of funds.

HISTORY: Code 1950, §§ 38-307, 38.1-623; 1952, c. 317, § 38.1-638.43; 1968,
c. 654; 1986, c. 562.