Sec. 10a-193. (Formerly Sec. 10-352). Bonds declared legal investments.
Sec. 10a-193. (Formerly Sec. 10-352). Bonds declared legal investments. Bonds
issued by the authority under the provisions of this chapter are hereby made securities
in which all public officers and public bodies of the state and its political subdivisions,
all insurance companies, state banks and trust companies, national banking associations,
savings banks, savings and loan 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 are hereby made securities
which may properly and legally be deposited with and received by any state or municipal
officer or any agency or political subdivision of the state for any purpose for which the
deposit of bonds or obligations of the state is now or may hereafter be authorized by law.
(February, 1965, P.A. 170, S. 18; 1967, P.A. 321; 368, S. 15.)
History: 1967 acts allowed investments by state banks, savings banks and savings and loan associations and specified
"national" banking associations; Sec. 10-352 transferred to Sec. 10a-193 in 1983 pursuant to reorganization of higher
education system.