§ 2-405. Bonds to be made securities; legal investments.
Latest version.
The bonds herein authorized are hereby made securities in which all public officers
and bodies of this state and all municipalities and all municipal subdivisions; all
insurance companies and associations and other persons carrying on an insurance business;
all banks, bankers, trust companies, savings banks and savings associations, including
savings and loan associations, building and loan associations, investment companies
and other persons carrying on a banking business, all administrators, guardians, executors,
trustees and other fiduciaries and all other persons whatsoever who are now or may
hereafter be authorized to invest in bonds or other obligations of the state may properly
and legally invest funds including capital in their control or belonging to them.
The bonds are also hereby made securities which may be deposited with and shall be
received by all public officers and bodies of this state and all municipalities and
municipal subdivisions for any purpose for which the deposit of the bonds or other
obligations of this state is now or may hereafter be authorized.
(1980 Ga. Laws (Act No. 1373), page 4488, § 20)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
