§ 33.24.040. Obligations of other states
An association may invest its funds in the bonds or interest bearing obligations of any other state of the United States upon which there is no existing default and upon which there has been no default for more than ninety days within ten years immediately preceding the investment: PROVIDED, That such state has not been in default for more than ninety days, within said ten years, in the payment of any part of the principal or interest of any debt contracted by it or for which the faith of such state was pledged.
[1945 c 235 § 61; Rem. Supp. 1945 § 3717-180. Prior: 1939 c 98 § 11; 1933 c 183 § 56.]
Sections: Previous 33.24.005 33.24.007 33.24.010 33.24.015 33.24.020 33.24.025 33.24.030 33.24.040 33.24.050 33.24.060 33.24.065 33.24.070 33.24.080 33.24.090 33.24.100 NextLast modified: April 7, 2009