§ 910-36. Investments acquired before effective date
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 910-36
§ 910-36. Investments acquired before effective date
Any investment of a title insurance company lawfully acquired before the effective date of this amendment and which but for this section would be considered ineligible as an investment on such effective date, shall be disposed of within three years from such effective date. The commissioner, upon application and proof that forced sale of any such investment would be contrary to the best interests of the title insurance company and its policyholders, may extend the period for sale or disposal of such investment for a further reasonable time, in no event to exceed three years.
Credits
1921, May 17, P.L. 682, art. VII, § 736, added 1963, Aug. 14, P.L. 922, § 3.
40 P.S. § 910-36, PA ST 40 P.S. § 910-36
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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