Sec. 38a-238. (Formerly Sec. 38-409). Investment of legal service corporation funds.

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No nonprofit legal service corporation, as defined in section 38a-230, shall invest its funds in any security other than those permitted by the general statutes for trust funds, except that no funds of such legal service corporation shall be invested in real estate mortgages.

(P.A. 79-234, S. 9; P.A. 90-243, S. 161.)

History: P.A. 90-243 added a reference to “nonprofit” legal service corporation; Sec. 38-409 transferred to Sec. 38a-238 in 1991.

                    
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