| | 10.__Guaranteed. "Guaranteed" means guaranteed as to payment | of all or substantially all of principal and interest or | dividends. |
|
| | 11.__Institutional investor. "Institutional investor" means | any of the following, whether acting for itself or for others in | a fiduciary capacity: |
|
| A.__A depository institution or international banking | institution; |
|
| B.__An insurance company; |
|
| C.__A separate account of an insurance company; |
|
| D.__An investment company as defined in the federal | Investment Company Act of 1940; |
|
| E.__A broker-dealer registered under the federal Securities | Exchange Act of 1934; |
|
| F.__An employee pension, profit-sharing or benefit plan if | the plan has total assets in excess of $10,000,000 or its | investment decisions are made by a named fiduciary, as | defined in the federal Employee Retirement Income Security | Act of 1974, that is a broker-dealer registered under the | federal Securities Exchange Act of 1934, an investment | adviser registered or exempt from registration under the | federal Investment Advisers Act of 1940, an investment | adviser registered under this chapter, a depository | institution or an insurance company; |
|
| G.__A plan established and maintained by a state, a | political subdivision of a state or an agency or | instrumentality of a state or a political subdivision of a | state for the benefit of its employees, if the plan has | total assets in excess of $10,000,000 or its investment | decisions are made by a duly designated public official or | by a named fiduciary, as defined in the federal Employee | Retirement Income Security Act of 1974, that is a broker- | dealer registered under the federal Securities Exchange Act | of 1934, an investment adviser registered or exempt from | registration under the federal Investment Advisers Act of | 1940, an investment adviser registered under this chapter, a | depository institution or an insurance company; |
|
| H.__A trust, if it has total assets in excess of $10,000,000, its | trustee is a depository institution and its participants are | exclusively plans of the types identified |
|
|