123.160 - BONDS AS INVESTMENTS.
123.160 BONDS AS INVESTMENTS.
All banks, trust companies, savings and loan associations,
investment companies and other persons carrying on a banking or
investment business, all insurance companies, insurance associations,
and other persons carrying on an insurance business and all
executors, administrators, guardians, trustees, and other fiduciaries
may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in bonds issued pursuant to
this division. However, this section does not relieve any persons
from a duty of exercising reasonable care in selecting securities for
purchase or investment. Section History: Early Form
[C81, § 123.160]