§ 10.1-312. Bonds declared legal and authorized investments
The bonds issued pursuant to this chapter shall be legal and authorized investments for banks, savings institutions, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians and for all public funds of the Commonwealth or other political subdivisions of the Commonwealth. Such bonds shall be eligible to secure the deposit of public funds of the Commonwealth and public funds of counties, cities, towns, school districts or other political subdivisions of the Commonwealth. In addition, the bonds shall be lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.
(1986, c. 498, § 10-112.1; 1988, c. 891; 1996, c. 77.)
Sections: Previous 10.1-300 10.1-301 10.1-302 10.1-303 10.1-304 10.1-305 10.1-306 10.1-307 10.1-308 10.1-309 10.1-310 10.1-311 10.1-312Last modified: April 2, 2009