Georgia Code § 46-4-104 - Bonds As Legal Investments

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, savings 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  46-4-97  46-4-98  46-4-99  46-4-100  46-4-101  46-4-102  46-4-103  46-4-104  46-4-105  46-4-106  46-4-107  46-4-108  46-4-109  46-4-110  46-4-111  Next

Last modified: October 14, 2016