15.2-5362 - Bonds legal investments; deposit with public agencies. - Virginia Statutes

§ 15.2-5362. Bonds legal investments; deposit with public agencies.

Bonds issued by the authority under the provisions of this chapter are herebymade securities in which all public officers and public bodies of theCommonwealth and all its political subdivisions, all insurance companies,trust companies, banking associations, investment companies, executors,trustees and other fiduciaries may properly and legally invest funds,including capital in their control or belonging to them. Such bonds arehereby made securities which may properly and legally be deposited with andreceived by any state or municipal officer or any agency or politicalsubdivision of the Commonwealth for any purpose for which the deposit ofbonds or obligations of the Commonwealth is now or may hereafter beauthorized by law.

(Code 1950, § 32-271.6; 1973, c. 462, § 15.1-1597; 1979, c. 719; 1997, c.587.)