4-5-31. Physical custody of securities purchased--Deposit with fiscal agent.
49 words·~1 min read·
/sd/title-4/chapter-4-5/4-5-31·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All securities purchased shall be in the physical custody of the state treasurer who may, with the approval of the State Investment Council, deposit with a fiscal agent the securities as he shall consider advisable to be held in safekeeping by said agent for collection of principal and interest.