Rhode Island § 42-116-15 § 42-116-15. Bonds eligible for investment.

Rhode Island Statutes

§ 42-116-15 — § 42-116-15. Bonds eligible for investment.

Rhode Island § 42-116-15

Title 42State Affairs and Government

Ch. 42-116Rhode Island Depositors Economic Protection Corporation

This text of Rhode Island § 42-116-15 (§ 42-116-15. Bonds eligible for investment.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-116-15 (2026).

Text

§ 42-116-15. Bonds eligible for investment.
Bonds issued by the corporation under this chapter are made securities in which all
            public officers and agencies of the state and its political subdivisions, all insurance
            companies, trust companies in their commercial departments, savings banks, cooperative
            banks, banking associations, investment companies, executors, administrators, trustees,
            and other fiduciaries may properly invest funds, including capital in their control
            or belonging to them. These bonds are made securities which may properly be deposited
            with and received by any state or municipal officer of any corporation or political
            

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§ 42-116-15. Bonds eligible for investment.

Bonds issued by the corporation under this chapter are made securities in which all public officers and agencies of the state and its political subdivisions, all insurance companies, trust companies in their commercial departments, savings banks, cooperative banks, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly invest funds, including capital in their control or belonging to them. These bonds are made securities which may properly be deposited with and received by any state or municipal officer of any corporation or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state or any political subdivision is now or may hereafter be authorized by law.