1. (1) Certain other securities are approved for mutual association investment. There is no dollar limit on a mutual association's investment in:

   1. (a) general services administration (participation certificates);
   2. (b) maritime administration (bonds and notes); and
   3. (c) Washington metropolitan area transit authority (bonds).

2. (2) A mutual association's investment is limited to 50% of capital in:

   1. (a) Asian development bank (bonds and notes);
   2. (b) financing corporation (FICO) (bonds);
   3. (c) Inter-American development bank (bonds);
   4. (d) resolution funding corporation (REFCORP) (bonds);
   5. (e) Tennessee valley authority (TVA) (bonds); and
   6. (f) world bank (bonds and notes).

Authorizing statute(s): 32-2-911, MCA

Implementing statute(s): 32-2-908, 32-2-911, MCA

History: NEW, 2022 MAR p. 230, Eff. 2/12/22.