Definitions

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§2552. Definitions

For the purposes of sections 2553 and 2554 the "published monthly average" means:   [PL 1981, c. 188, §4 (NEW).]

1.  Moody's Corporate Bond Yield Average-Monthly Average Corporates as published by Moody's Investors Services, Inc. or any successor thereto; or  

[PL 1981, c. 188, §4 (NEW).]

2.  In the event that Moody's Corporate Bond Yield Average-Monthly Average Corporates is no longer published, a substantially similar average, established by regulation issued by the superintendent.  

[PL 1981, c. 188, §4 (NEW).]

SECTION HISTORY

PL 1981, c. 188, §4 (NEW).


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