262.63 - WHO MAY INVEST.
262.63 WHO MAY INVEST.
All banks, trust companies, building and loan associations,
savings and loan associations, investment companies and other persons
carrying on an investment 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 division; provided, however, that
nothing contained in this section may be construed as relieving any
persons from any duty of exercising reasonable care in selecting
securities for purchase or investment. Section History: Early Form
[C66, 71, 73, 75, 77, 79, 81, § 262.63]
Referred to in § 262.34B, 262A.2