15.2-6644 - Bonds as legal investments.
§ 15.2-6644. Bonds as legal investments.
Bonds issued by the Authority under the provisions of this act are herebymade securities in which all public officers and public bodies of theCommonwealth and its political subdivisions, all insurance companies, trustcompanies, banking associations, investment companies, executors,administrators, trustees, and other fiduciaries may properly and legallyinvest funds, including capital, in their control or belonging to them. Suchbonds are hereby made securities that may properly and legally be depositedwith and received by any state or municipal officer or any agency orpolitical subdivision of the Commonwealth for any purpose for which thedeposit of bonds or obligations is now or may hereafter be authorized by law.
(2005, c. 842.)