There is a newer version
of
this Section
2017 Utah Code
Title 53B - State System of Higher Education
Chapter 21 - Revenue Bonds
Section 107 - Investment in bonds by private and public entities -- Approval as collateral security.
Universal Citation: UT Code § 53B-21-107 (2017)
Effective 5/12/2015
53B-21-107. Investment in bonds by private and public entities -- Approval as collateral security.
Amended by Chapter 352, 2015 General Session
53B-21-107. Investment in bonds by private and public entities -- Approval as collateral security.
- (1) Any bank, savings and loan association, trust, or insurance company organized under the laws of this state or federal law may invest its capital and surplus in bonds issued under this chapter.
- (2) The officers having charge of a sinking fund or any county, city, metro township, town,, or school district may invest the sinking fund in bonds issued under this chapter.
- (3) The bonds shall also be approved as collateral security for the deposit of any public funds and for the investment of trust funds.
Amended by Chapter 352, 2015 General Session
Disclaimer: These codes may not be the most recent version. Utah 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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
