TITLE 42

State Affairs and Government

CHAPTER 42-64

Rhode Island Commerce Corporation

SECTION 42-64-21



   § 42-64-21  Notes and bonds as legal

investments. –

The notes and bonds of the Rhode Island commerce corporation are made

securities in which all public officers and bodies of this state and all

municipalities and municipal subdivisions, all insurance companies and

associations, and other persons carrying on an insurance business, all banks,

bankers, trust companies, saving banks and saving associations, including

savings and loan associations, building and loan associations, investment

companies, and other persons carrying on a banking business, all

administrators, guardians, executors, trustees, and other fiduciaries, and all

other persons whatsoever who are now or may hereafter be authorized to invest

in bonds or other obligations of the state, may properly and legally invest

funds, including capital, in their control or belonging to them.



History of Section.

(P.L. 1974, ch. 100, § 14; P.L. 2013, ch. 243, § 3; P.L. 2013, ch.

490, § 3.)