§42-133-13  Bonds as legal investments. –

Published: 2015

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State Affairs and Government

CHAPTER 42-133

Tobacco Settlement Financing Corporation Act

SECTION 42-133-13

   § 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.)