261A.20 - OBLIGATIONS AS LEGAL INVESTMENTS.
261A.20 OBLIGATIONS AS LEGAL INVESTMENTS.
Banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations,
investment companies, and other persons carrying on a banking or
investment business, insurance companies and insurance associations,
and executors, administrators, guardians, trustees, and other
fiduciaries may legally invest sinking funds, moneys, or other funds
belonging to them or within their control in obligations of the
authority. Section History: Early Form
[82 Acts, ch 1031, § 20]
Referred to in § 261A.24