§ 5271 - Bonds or notes as legal investment
§ 5271. Bonds or notes as legal investment
Notwithstanding any other provision of law to the contrary, the state and all public officers, governmental units and agencies thereof, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking 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 any bonds or notes issued under this chapter, and these bonds or notes are authorized security for any and all public deposits. (Added 1999, No. 121 (Adj. Sess.), § 1.)