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Code · Wisconsin · Chapter 24 — Public domain and the trust funds

24.61 Authorized investments and loans.

120 words·~1 min read·/wi/chapter-24/24-61

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24.61 Authorized investments and loans.
(1)Investments and loans; separate accounts. The board shall loan or invest moneys belonging to the trust funds as those moneys accumulate in the treasury. The board shall keep a separate account of all investments and loans from each fund.
(2)Investments.
(a)Authorized investments by board. The board shall manage and invest moneys belonging to the trust funds in good faith and with the care an ordinary prudent person in a like position would exercise under similar circumstances, in accordance with s. 112.11
(3).
(b)Manner for holding securities. All bonds, notes, and other instruments of indebtedness and securities purchased under par.
(a)shall be held in a manner determined by the board.
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