181.700 Bonds to be lawful investments -- Tax-exempt. (1)
The bonds shall be lawful investments of banks, trust companies,
trustees, and of commissioners of the sinking fund of
municipalities and counties, and shall be acceptable as security
for the deposit of public money. (2) The bonds and the income
thereof shall be exempt from taxation. Effective: October 1,
1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1,
effective October 1, 1942, from Ky. Stat. sec. 3235g-17.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.