2006 Utah Code - 9-4-919 — Corporation notes, bonds, obligations -- Legal investments.

     9-4-919.   Corporation notes, bonds, obligations -- Legal investments.
     (1) The notes, bonds, and other obligations issued under the authority of this part are declared to be securities in which all public officers and public bodies of the state and its political subdivisions, all banks, bankers, savings banks, trust companies, credit unions, savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies and insurance associations, and others carrying on an insurance business, and all administrators, executors, guardians, trustees, and other fiduciaries, pension, profit-sharing and retirement funds, and all other persons who may now or may later be authorized to invest in notes, bonds, or other obligations of the state, may properly and legally invest any funds, including capital belonging to them or within their control.
     (2) These notes, bonds, and other obligations are declared securities which may properly and legally be deposited with and received by any state, county, or municipal officer, or agency of the state for any purpose for which the deposit of notes, bonds, or other obligations of the state is now or may later be authorized by law.

Amended by Chapter 319, 2001 General Session