The notes and bonds are hereby made securities in which all public officers and bodies
of this state and all municipalities and municipal subdivisions, all insurance companies
and associations and other persons carrying on an insurance business, all banks, bankers,
trust companies, savings banks and saving associations, including savings and loan
associations, building and loan associations, investment companies and other persons
carrying on a banking business, all administrators, guardians, executors, trustees
and other fiduciaries and all other persons whatsoever who are now or may hereafter
be authorized to invest in notes and bonds or other obligations of the state, may
properly and legally invest funds including capital in their control or belonging
to them. The notes and bonds are also hereby made securities which may be deposited with
and shall be received by all public officers and bodies of this state and all municipalities
and municipal subdivisions for any purpose for which the deposit of notes and bonds
or other obligations of this state is now or may hereafter be authorized.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.