2006 Kentucky Revised Statutes - .860 Bonds eligible for investment.

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181.860 Bonds eligible for investment. Bonds issued by the commission under the provisions of KRS 181.850 to 181.869 are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, 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 a similar nature may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or other obligations of the Commonwealth is now or may hereafter be authorized by law. Effective: June 19, 1952 History: Created 1952 Ky. Acts ch. 189, sec. 11, effective June 19, 1952.
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