§ 8-10-1-25 — Investment in revenue bonds by financial institutions

Revenue bonds issued by the ports of Indiana
under the provisions of this article shall constitute legal investments for
any private trust funds, and the funds of any banks, trust companies,
insurance companies, building and loan associations, credit unions,
banks of discount and deposit, savings banks, loan and trust and safe
deposit companies, rural loan and savings associations, guaranty loan
and savings associations, mortgage guaranty companies, small loan
companies, and industrial loan and investment companies, and any
other financial institutions organized under Indiana statutes. The bonds
are also made securities that may be deposited with and received by all
public officers and bodies of Indiana or any agency or political
subdivision of Indiana and all municipalities and public commissions
for any purpose for which the deposit of bonds or other obligations of
Indiana is now or may be later authorized by law.
Formerly: Acts 1961, c.11, s.25. As amended by P.L.66-1984,
SEC.11; P.L.42-1993, SEC.7; P.L.224-2003, SEC.222 and
P.L.271-2003, SEC.22; P.L.98-2008, SEC.34.