US Laws, Codes, Statutes & Cases

      Bonds of the Corporation issued under the provisions of this subtitle are securities in which all public officers, political subdivisions, banks, trust companies, savings and loan associations, investment companies, insurance associations and others carrying on an insurance business, personal representatives, administrators, executors, guardians, trustees, other fiduciaries, and other persons may legally and properly invest funds, including capital in their control or belonging to them. The bonds are securities which properly and legally may be deposited with and received by any political subdivision or any officer of the State or of any political subdivision for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.