17C-1-505 - Authority to purchase agency bonds.
17C-1-505. Authority to purchase agency bonds.
(1) Any person, firm, corporation, association, political subdivision of the state, or otherentity or public or private officer may purchase bonds issued by an agency under this part withfunds owned or controlled by the purchaser.
(2) Nothing in this section may be construed to relieve a purchaser of agency bonds ofany duty to exercise reasonable care in selecting securities.
Renumbered and Amended by Chapter 359, 2006 General Session