§ 24-12-32 - Eligibility of bonds for investment. - Rhode Island Statutes

SECTION 24-12-32

   § 24-12-32  Eligibility of bonds forinvestment. – Bonds issued by the authority under the provisions of this chapter are herebymade securities in which all public officers and public bodies of the state andits political subdivisions, all insurance companies, trust companies, bankingassociations, investment companies, executors, administrators, trustees, andother fiduciaries may properly and legally invest funds, including capital intheir control or belonging to them. The bonds are hereby made securities whichmay properly and legally be deposited with and received by any state ormunicipal officer or any agency or political subdivision of the state for anypurpose for which the deposit of bonds or obligations is now or may hereafterbe authorized by law.