15.2-7218 - Bonds as legal investments.
§ 15.2-7218. Bonds as legal investments.
All bonds issued under the provisions of this chapter are hereby madesecurities in which all public officers and public bodies of the Commonwealthand its political subdivisions and all insurance companies, trust companies,banking associations, investment companies, executors, administrators,trustees, and other fiduciaries may properly and legally invest funds,including capital, under their control or belonging to them. Such bonds arehereby made securities that may properly and legally be deposited with andreceived by any state or municipal officer or any agency or politicalsubdivision of the Commonwealth for any purpose for which the deposit ofbonds or obligations is now or may hereafter be authorized by law.
(2010, cc. 117, 210.)