Utah Statutes
§ 11-65-503 — Purchase of lake authority bonds.
Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-65 Utah Lake Authority Act·Part 11-65-5 Lake Authority Bonds
(1)Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase bonds issued by the lake authority under this part with funds owned or controlled by the purchaser.
(2)Nothing in this section may be construed to relieve a purchaser of lake authority bonds of any duty to exercise reasonable care in selecting securities.
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Legislative History
Enacted by Chapter 59, 2022 General Session
Nearby Sections
15
§ 11-1-4
Sinking fund -- Investment.§ 11-1-6
Violation of act a misdemeanor.§ 11-10-2
Qualifications of licensee.§ 11-10-3
License fee.§ 11-13-101
Title.§ 11-13-102
Purpose of chapter.§ 11-13-103
Definitions.