The bonds authorized by this article shall be securities in which:
(1) All public officers and bodies of this state;
(2) All political subdivisions of this state;
(3) All insurance companies and associations, and other persons carrying on an insurance business;
(4) All banks, bankers, trust companies, saving banks, and savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business;
(5) All administrators, guardians, executors, trustees, and other fiduciaries; and
(6) All other persons whatsoever who are 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. Such bonds shall also be securities which may be deposited with and shall be received by all public officers and bodies of this state and its political subdivisions for any purpose for which deposit of the bonds or other obligations of this state is authorized.
Section: Previous 46-3-127 46-3-128 46-3-129 46-3-130 46-3-131 46-3-132 46-3-133 46-3-134 46-3-135 46-3-136 46-3-137 46-3-138 46-3-139 46-3-140 46-3-141 NextLast modified: October 14, 2016