Bonds issued under this chapter shall be legal investments for all persons without limit as to the amount held, regardless of whether they are acting for their own account or in a fiduciary capacity. No person offering to buy or sell or buying or selling such bonds shall be required to obtain any license or register any transaction in connection therewith, nor shall any person purchasing such bonds be required to furnish any statement of financing charges.
Source. 1975, 98:1, eff. April 22, 1975.