§ 23-99-12. Bonds eligible for investment.
The notes and bonds of the hub shall be legal investments in which all public officers
and public bodies of this state, its political subdivisions, all municipalities and
municipal subdivisions, all insurance companies and associations and other persons
carrying on an insurance business, all banks, bankers, banking institutions including
savings and loan associations, building and loan associations, trust companies, savings
banks and savings associations, investment companies and other persons carrying on
a banking business, all administrators, guardians, executors, trustees, and other
fiduciari
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§ 23-99-12. Bonds eligible for investment.
The notes and bonds of the hub shall be legal investments in which all public officers
and public bodies of this state, its political subdivisions, all municipalities and
municipal subdivisions, all insurance companies and associations and other persons
carrying on an insurance business, all banks, bankers, banking institutions including
savings and loan associations, building and loan associations, trust companies, savings
banks and savings 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 now or may hereafter be authorized to invest
in bonds or in other obligations of the state, may properly and legally invest funds,
including capital, in their control or belonging to them. The notes and bonds are
also made securities which may properly and legally be deposited with and received
by all public officers and bodies of the state or any agency or political subdivision
of the state and all municipalities and public corporations for any purpose for which
the deposit of bonds or other obligations of the state is now or may hereafter be
authorized by law.