362.175. Obligations issued pursuant to the Farm Credit Act or United States Housing Act authorized as legal investments and as security for public deposits.
Obligations issued pursuant to the Farm Credit Act or United StatesHousing Act authorized as legal investments and as security forpublic deposits.
362.175. Trustees, conservators, curators, banks, trustcompanies, insurance companies, assurance, casualty, fidelity,and guaranty companies, and savings and loan associations mayinvest any funds held by them in notes, bonds, debentures orother similar obligations issued by the federal land banks,federal intermediate credit banks, or banks for cooperatives orany other obligations issued pursuant to the provisions of an actof the Congress of the United States known as the Farm Credit Actof 1971, and acts amendatory thereto, and bonds issued under theprovisions of the act of Congress approved July 15, 1949, andknown as "United States Housing Act of 1949", and the bonds shallbe accepted as security for all public deposits and in all caseswhere bonds are required by law to be deposited with anydepartment or public official of this state or any politicalsubdivision thereof.
(RSMo 1939 § 3310, A.L. 1967 p. 445, A.L. 1975 S.B. 257, A.L. 1983 S.B. 44 & 45)Prior revision: 1929 § 2924