TITLE 42
State Affairs and Government
CHAPTER 42-55
Rhode Island Housing and Mortgage Finance Corporation
SECTION 42-55-20
§ 42-55-20 Notes and bonds as legal
investments.
The notes and bonds of the corporation shall be legal investments in which all
public officers and public bodies of this state, its political subdivisions,
all municipalities and municipal subdivisions, all insurance companies and
associations and other persons carrying on an insurance business, all banks,
bankers, banking institutions including savings and loan associations, building
and loan associations, trust companies, savings banks and savings associations,
investment companies and other persons carrying on a banking business, all
administrators, guardians, executors, trustees, and other fiduciaries, and all
other persons who are now or may hereafter be authorized to invest in bonds or
in other obligations of the state, may properly and legally invest funds,
including capital, in their control or belonging to them. The notes and bonds
are also made securities which may properly and legally be deposited with and
received by all public officers and bodies of the state or any agency or
political subdivision of the state and all municipalities and public
corporations for any purpose for which the deposit of bonds or other
obligations of the state is now or may hereafter be authorized by law.
History of Section.
(P.L. 1973, ch. 262, § 1.)