Section 177-A. Investment in certain conventional mortgages

Latest version.

Notwithstanding any provision contained in this  chapter  or  any  other
  general,  special  or  local  law  or  code  to the contrary, within the
  limitations authorized for investment  in  conventional  mortgages,  the
  trustees  of the fund may invest a part of its assets in first mortgages
  on real property located anywhere within the boundaries  of  the  United
  States.

                    
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