An organization described in section 170(c) of the Internal Revenue Code of 1986, as amended through December 31, 1991, may purchase, accept, or otherwise acquire an interest in a life insurance policy as beneficiary or owner, as provided in section 60A.0783, subdivision 2 , paragraph (f).
Minn. Stat. § 309.72
ACQUISITION OF INTERESTS IN INSURANCE.
Known as the Uniform Prudent Management of Institutional Funds Act
The act spans §§ 309–309 (28 sections).
1992 c 483 s 3; 2010 c 382 s 63
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.