Equipment Trust Obligations or Certificates

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An insurer may invest in equipment trust obligations or certificates adequately secured and evidencing an interest in transportation equipment, wholly or in part within the United States of America, and the right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the transportation equipment.

(Code 1933, § 56-1017, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.)


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