219.09 Certain district and authority bonds as legal investments and security.
156 words·~1 min read·
/wi/chapter-219/219-09-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
219.09 Certain district and authority bonds as legal investments and security.
(1)A bank, trust company, savings bank or institution, savings and loan association, credit union or investment company or a personal representative, guardian, trustee or other fiduciary may legally invest any moneys or funds belonging to or within that person’s control in bonds issued by any of the following:
(a)A local exposition district under subch. II of ch. 229 .
(b)The University of Wisconsin Hospitals and Clinics Authority.
(c)A local professional baseball park district created under subch. III of ch. 229 .
(d)A local professional football stadium district created under subch. IV of ch. 229 .
(f)Bonds issued by a local cultural arts district under subch. V of ch. 229 .
(g)The Wisconsin Aerospace Authority.
(2)This section shall not be construed as relieving any person of any duty of exercising any required level of care in selecting securities.