§ 29-4-723 — Bonds eligible for investment

Bonds issued under the provisions
of this part 7 are hereby made securities in which all insurance companies, trust
companies, banking associations, savings and loan associations, investment
companies, executors, administrators, trustees, and other fiduciaries may properly
and legally invest funds, including capital in their control or belonging to them.
Public entities, as defined in section 24-75-601 (1), C.R.S., may invest public funds in
such bonds only if said bonds satisfy the investment requirements established in
part 6 of article 75 of title 24, C.R.S. Such bonds are hereby made securities which
may properly and legally be deposited with and received by any state or municipal
officer or any agency or political subdivision of the state for any purpose for which
the deposit of bonds, notes, or obligations of the state is authorized by law.

Legislative History

Source: L. 73: p. 814, � 1. C.R.S. 1963: � 69-11-18. L. 89: Entire section amended, p. 1130, � 69, effective July 1.