96A.130 Authority's bonds are legal investments. - Kentucky Statutes

Download pdf

Loading PDF...

96A.130 Authority's bonds are legal investments. Bonds issued by an authority, or by public bodies for the benefit of an authority, under the
provisions of this chapter, are hereby made securities in which all public officers and
public bodies of the state and its political subdivisions, all insurance companies, trust
companies, banking associations, investment companies, credit unions, savings and loan
associations, executors, administrators, trustees and other fiduciaries 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 of any agency or political subdivision of the
state for any purpose for which the deposit of bonds or obligations is now or may
hereafter be authorized by law. History: Created 1970 Ky. Acts ch. 243, sec. 14.