53H-8-605. Investments in bonds of the board.
108 words·~1 min read·
/ut/title-53h/chapter-8/53h-8-605A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 10/14/2025
53H-8-605. Investments in bonds of the board.
The bonds of the board are securities, in which public officers and bodies of this state, municipalities and municipal subdivisions, insurance companies and associations, persons carrying on an insurance business, banks, trust companies, savings banks and savings associations, saving and loan associations, investment companies, administrators, guardians, executors, trustees, other fiduciaries, and all other persons who are authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in the control of or belonging to the aforementioned entities, groups, or individuals.
Renumbered and Amended by Chapter 8 , 2025 Special Session 1