Securities held by an investment pool may be loaned if the securities are fully collateralized and the collateral is, for safekeeping, in the possession of a person who is independent of the borrowers. The collateral must meet institutional and prudent investor standards. All pool proceeds from securities lending must inure to the benefit of investment pool participants.
Section: Previous 37.23.010 37.23.020 37.23.030 37.23.035 37.23.040 37.23.050 37.23.060 37.23.070 37.23.080 37.23.090 37.23.900 NextLast modified: November 15, 2016