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§638. Notes and bonds as legal investments


Published: 2015

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The Vermont Statutes Online



Title

10

:
Conservation and Development






Chapter

025

:
VERMONT HOUSING FINANCE AGENCY






Subchapter

004
:
FORM AND NATURE OF BONDS AND NOTES










 

§

638. Notes and bonds as legal investments

Notwithstanding

any other law, 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, all credit unions, 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 the bonds or notes are authorized security for

any and all public deposits. (Added 1973, No. 260 (Adj. Sess.), § 3, eff. April

11, 1974.)