§ 42-116-15 - Bonds eligible for investment. - Rhode Island Statutes

SECTION 42-116-15

   § 42-116-15  Bonds eligible for investment.– Bonds issued by the corporation under this chapter are made securities in whichall public officers and agencies of the state and its political subdivisions,all insurance companies, trust companies in their commercial departments,savings banks, cooperative banks, banking associations, investment companies,executors, administrators, trustees, and other fiduciaries may properly investfunds, including capital in their control or belonging to them. These bonds aremade securities which may properly be deposited with and received by any stateor municipal officer of any corporation or political subdivision of the statefor any purpose for which the deposit of bonds or obligations of the state orany political subdivision is now or may hereafter be authorized by law.