Utah Statutes

§ 17C-1-505 — Authority to purchase agency bonds.

Utah·Title 17C Limited Purpose Local Government Entities - Community Reinvestment Agency Act·Ch. 17C-1 Agency Operations·Part 17C-1-5 Agency Bonds
(1)Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase a bond issued by an agency under this part with funds owned or controlled by the purchaser.
(2)Nothing in this section may be construed to relieve a purchaser of an agency bond of any duty to exercise reasonable care in selecting securities.

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Legislative History

Amended by Chapter 350, 2016 General Session

Nearby Sections

15
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