Utah § 53H-9-308 Investment in bonds by private and public entities -- Approval as collateral security.

Utah Statutes

§ 53H-9-308 — Investment in bonds by private and public entities -- Approval as collateral security.

Utah § 53H-9-308

Title 53HHigher Education

Ch. 53H-9Property and Facilities

Part 53H-9-3Revenue Bonds

This text of Utah § 53H-9-308 (Investment in bonds by private and public entities -- Approval as collateral security.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 53H-9-308 (2026).

Text

(1)Any bank, savings and loan association, trust, or insurance company organized under the laws of this state or federal law may invest the bank's capital and surplus in bonds issued under this part.

(2)The officers having charge of a sinking fund or any county, city, town, or school district may invest the sinking fund in bonds issued under this part.

(3)The bonds shall also be approved as collateral security for the deposit of any public funds and for the investment of trust funds.

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(1) Any bank, savings and loan association, trust, or insurance company organized under the laws of this state or federal law may invest the bank's capital and surplus in bonds issued under this part.
(2) The officers having charge of a sinking fund or any county, city, town, or school district may invest the sinking fund in bonds issued under this part.
(3) The bonds shall also be approved as collateral security for the deposit of any public funds and for the investment of trust funds.