380:2 Insurable Interest. –
Such railroads shall have an insurable interest in all property situate upon the line of their road which is exposed to such damage, and they may effect insurance thereon for their own benefit.
Source. RS 142:9. CS 150:60. 1861, 2489:1. GS 148:9. GL 162:9. PS 159:30. PL 250:2. RL 300:2. 1951, 203:59 par. 2, eff. Sept. 1, 1951.