Section 16A.25 Sale of Securities before Maturity
16A.25 SALE OF SECURITIES BEFORE MATURITY.
The commissioner shall notify the Board of Investment if invested funds are needed for current purposes before maturity of the securities held. The Board of Investment shall then order the needed amount of securities sold or cashed.
History:
1973 c 492 s 10; 1984 c 628 art 2 s 1