58-5-157. Investment of funds in securities.
In addition to any investment permitted pursuant to §58-5-156, a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following:
(1)The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under §58-5-156; or
(2)The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.
Source: SL 1998, ch 287, §4.