§ 16-62-13 - Notes and bonds as legal investments. - Rhode Island Statutes

SECTION 16-62-13

   § 16-62-13  Notes and bonds as legalinvestments. – The notes and bonds of the authority are made securities in which all publicofficers and bodies of this state and all municipalities and municipalsubdivisions, all companies and associations and other persons carrying on aninsurance business, all banks, bankers, trust companies, savings banks andsavings associations, including savings and loan associations, building andloan associations, investment companies, and other persons carrying on abanking business, all administrators, guardians, executors, trustees, and otherfiduciaries, and all other persons who are now or may after this be authorizedto invest in bonds or other obligations of the state, may properly and legallyinvest funds, including capital, in their control or belonging to them.