164A.140 Public agencies, political subdivisions and others may invest in the securities issued by the corporation. - Kentucky Statutes

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164A.140 Public agencies, political subdivisions and others may invest in the securities issued by the corporation. Obligations issued under the provisions of this chapter are hereby made securities in
which all public officers and public bodies of the Commonwealth and its political
subdivisions, all insurance companies, trust companies, banking associations, investment
companies, executors, administrators, trustees and other fiduciaries may properly and
legally invest funds, including capital in their control or belonging to them. Such
obligations are hereby made 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, notes or obligations
of the state is now or may hereafter be authorized by law. Effective: June 17, 1978
History: Created 1978 Ky. Acts ch. 387, sec. 14, effective June 17, 1978.