A society shall invest its funds only in those investments authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations on the investments. Any foreign or alien society permitted or seeking to do business in this state that invests its funds in accordance with the laws of the state, district, territory, country, or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds.
R.I. Gen. Laws § 27-25-21
Investments
Known as the Rhode Island Fraternal Code
The act spans §§ 27-25-1 to 27-25-9 (44 sections).
P.L. 1984, ch. 201, § 2.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.