§ 5-1.2-4-23 — Bonds; legal investments; securities

Indiana § 5-1.2-4-23

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 4: General Powers and Duties

Text

The bonds issued under this article by the
authority are declared to be legal investments in which all public
officers or public bodies of this state, its political subdivisions, all
municipalities and municipal subdivisions, all insurance companies
and associations and other persons carrying on insurance business, all
banks, bankers, banking associations, trust companies, savings
associations, including savings and loan associations, building and loan
associations, investment companies, and other persons carrying on a
banking business, all administrators, guardians, executors, trustees and
other fiduciaries, and all other persons who are authorized to invest in
bonds or in other obligations of this state, may invest funds, including
capital, in their control or belonging to them. The bonds are also made
securities that may be deposited with and received by all public officers
and bodies of this state or any agency or political subdivisions of this
state and all municipalities and public commissions for any purpose for
which the deposit of bonds or other obligations of this state is
authorized by law.

Legislative History

As added by P.L.189-2018, SEC.25.