Arizona § 48-1820 Bonds as legal investments

Arizona Statutes

§ 48-1820 — Bonds as legal investments

Arizona § 48-1820

Title 48Arizona Revised Statutes

Ch. 12ELECTRICAL DISTRICTS

Art. 5Revenue Bonds

This text of Arizona § 48-1820 (Bonds as legal investments) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 48-1820 (2026).

Text

Notwithstanding any law to the contrary, all bonds and refunding bonds constitute legal investments for savings banks, banks, savings and loan associations, trust companies, executors, administrators, trustees, guardians and other fiduciaries and for any board, body, agency or instrumentality of this state or of any political subdivision of this state and constitute securities that may be deposited by banks, savings and loan associations or trust companies as security for deposits of state, county, municipal and other public monies.

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Notwithstanding any law to the contrary, all bonds and refunding bonds constitute legal investments for savings banks, banks, savings and loan associations, trust companies, executors, administrators, trustees, guardians and other fiduciaries and for any board, body, agency or instrumentality of this state or of any political subdivision of this state and constitute securities that may be deposited by banks, savings and loan associations or trust companies as security for deposits of state, county, municipal and other public monies.