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175-21
175.21 BONDS AND NOTES AS LEGAL INVESTMENTS.
Bonds and notes are securities in which public officers, state
departments and agencies, political subdivisions, insurance companies
and other persons carrying on an insurance business, banks, trust
companies, savings and loan associations, investment companies and
other persons carrying on a banking business, administrators,
executors, guardians, conservators, trustees and other fiduciaries
and other persons authorized to invest in bonds or other obligations
of this state may properly and legally invest funds including capital
in their control or belonging to them. The bonds and notes are also
securities which may be deposited with and may be received by public
officers, state departments and agencies and political subdivisions
for any purpose for which the deposit of bonds or other obligations
of this state is authorized. Section History: Early Form
[C81, § 175.21]
