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2009 Kentucky Revised Statutes
CHAPTER 247 PROMOTION OF AGRICULTURE AND HORTICULTURE
247.960 Obligations are legal investments for public entities and fiduciaries.

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247.960 Obligations are legal investments for public entities and fiduciaries. Obligations issued by the corporation in its lending agency capacity under the provisions <br>of KRS 247.940 to 247.978 are hereby made securities in which all public officers and <br>public bodies of the Commonwealth and its political subdivisions, all insurance <br>companies, trust companies, banking associations, investment companies, executors, <br>administrators, trustees and other fiduciaries may properly and legally invest funds, <br>including capital in their control or belonging to them. Such obligations are hereby made <br>securities which may properly and legally be deposited with and received by any state or <br>municipal officer or any agency or political subdivision of the Commonwealth for any <br>purpose for which the deposit of bonds, notes or obligations of the Commonwealth is <br>now or may hereafter be authorized by law. Effective: April 11, 1984 <br>History: Created 1984 Ky. Acts ch. 374, sec. 11, effective April 11, 1984.

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