51-9-219 - Bonds to be legal investments and to be accepted by state officers and bodies. - Mississippi Statutes

§ 51-9-219. Bonds to be legal investments and to be accepted by state officers and bodies.
 

All bonds issued under the provisions of this act shall be legal investments for trustees, other fiduciaries, savings banks, trust companies and insurance companies organized under the laws of the State of Mississippi; and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies of the state and all municipalities and other political subdivisions thereof for the purpose of securing the deposit of public funds. 
 

Sources: Laws,  1985, ch. 428, § 15, eff from and after passage (approved March 26, 1985).