41-2262. Bonds as legal investments
103 words·~1 min read·
/az/title-41/41-2262A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds issued under this article are securities:
1. In which public officers and bodies of this state and of municipalities and political subdivisions of this state, all companies, associations and other persons carrying on an insurance business, all financial institutions, investment companies and other persons carrying on a banking business, all fiduciaries and all other persons who are authorized to invest in obligations of this state may properly and legally invest.
2. That may be deposited with public officers or bodies of this state and municipalities and political subdivisions of this state for purposes that require the deposit of state bonds or obligations.