152A.519 Status of bonds as investments. - Kentucky Statutes

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152A.519 Status of bonds as investments. Bonds issued by the authority are securities in which all public officers and public bodies,
agencies, and instrumentalities of the Commonwealth and its political subdivisions, all
insurance companies, trust companies, banking associations, investment companies,
executors, administrators, trustees and other fiduciaries, and all other persons whatsoever
who are now or may hereafter be authorized to invest in bonds or other obligations of a
similar nature may properly and legally invest funds, including capital in their control or
belonging to them. Such bonds are securities which may properly and legally be deposited
with and received by any state or municipal officer or any agency or political subdivision
of the Commonwealth for any purpose for which the deposit of bonds or other obligations
of the Commonwealth is now or may hereafter be authorized by law. Effective: July 15, 1980
History: Created 1980 Ky. Acts ch. 257, sec. 10, effective July 15, 1980.