17C-1-505. Authority to purchase agency bonds.
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/ut/title-17c/chapter-1/17c-1-505A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/10/2016
17C-1-505. Authority to purchase agency bonds.
(1)Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase a bond issued by an agency under this part with funds owned or controlled by the purchaser.
(2)Nothing in this section may be construed to relieve a purchaser of an agency bond of any duty to exercise reasonable care in selecting securities.
Amended by Chapter 350 , 2016 General Session