175.21 - BONDS AND NOTES AS LEGAL INVESTMENTS.

        175.21  BONDS AND NOTES AS LEGAL INVESTMENTS.
         Bonds and notes are securities in which public officers, state
      departments and agencies, political subdivisions, insurance companies
      and other persons carrying on an insurance business, banks, trust
      companies, savings and loan associations, investment companies and
      other persons carrying on a banking business, administrators,
      executors, guardians, conservators, trustees and other fiduciaries
      and other persons authorized to invest in bonds or other obligations
      of this state may properly and legally invest funds including capital
      in their control or belonging to them.  The bonds and notes are also
      securities which may be deposited with and may be received by public
      officers, state departments and agencies and political subdivisions
      for any purpose for which the deposit of bonds or other obligations
      of this state is authorized.  
         Section History: Early Form
         [C81, § 175.21]