Sec. 7-233r. Cooperative bonds and notes deemed legal investment.
Sec. 7-233r. Cooperative bonds and notes deemed legal investment. To the extent permitted by law, the state and all public officers, governmental units and agencies
thereof, all banks, trust companies, savings banks and institutions, savings and loan
associations, investment companies, and other persons carrying on a banking business,
all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest any sinking funds, moneys or other funds belonging to them or
within their control in any bonds or notes issued pursuant to this chapter, and such bonds
or notes shall be authorized security for any and all public deposits.
(P.A. 75-634, S. 18, 24; P.A. 80-483, S. 20, 186.)
History: P.A. 80-483 deleted reference to building and loan associations.