12-3426. Same; investments in bonds of authority authorized.
12-3426
12-3426. Same; investments in bonds of authority authorized.
Bonds issued under the provisions of this act are hereby made securities
in which all banks, trust companies, savings and loan associations,
investment companies, and others carrying on a banking business; all
insurance companies and insurance agencies and others carrying on an
insurance business, may lawfully invest funds, including capital funds,
under their control or belonging to them, providing such bonds shall not be
used by any depository as security for any public funds.
History: L. 1969, ch. 89, § 26; July 1.