State Affairs and Government
Tobacco Settlement Financing Corporation Act
§ 42-133-13 Bonds as legal investments.
The bonds of the corporation are hereby made securities in which all public
officers and bodies of this state and municipalities and municipal
subdivisions, all companies and associations and other persons carrying on an
insurance business, all banks, bankers, trust companies, savings banks, and
savings 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 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. 2002, ch. 65, art. 8, § 1.)