2.2-2209 - Bonds made securities for investment and deposit. - Virginia Statutes

§ 2.2-2209. Bonds made securities for investment and deposit.

Bonds issued by the Authority under the provisions of this article are madesecurities in which all public officers and public bodies of the Commonwealthand its political subdivisions, all insurance companies, trust companies,banking associations, investment companies, executors, administrators,trustees, and other fiduciaries may properly and legally invest funds,including capital in their control or belonging to them. Such bonds shall besecurities that may properly and legally be deposited with and received byany state or municipal officer or any agency or political subdivision of theCommonwealth for any purpose for which the deposit of bonds or obligations ofthe Commonwealth is now or may hereafter be authorized by law.

(1995, c. 758, § 9-266.10; 2001, c. 844.)