Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 2 of chapter 167F of the General Laws, as appearing in the 1986 Official Edition, is hereby amended by inserting after paragraph 7 the following paragraph:-

7A. To invest, subject to the approval of the commissioner and under such limitations or conditions as he may impose, in the capital stock or shares of a subsidiary corporation or trust which is treated as a real estate mortgage investment conduit pursuant to the provisions of 26 USC 860D.