Code of Virginia - Title 15.2 Counties, Cities And Towns - Section 15.2-6618 Bonds as legal investments

§ 15.2-6618. Bonds as legal investments

Bonds issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital, in their control or belonging to them. Such bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations is now or may hereafter be authorized by law.

(2002, c. 766.)

Sections:  Previous  15.2-6611  15.2-6612  15.2-6613  15.2-6614  15.2-6615  15.2-6616  15.2-6617  15.2-6618  15.2-6619  15.2-6620  15.2-6621  15.2-6622  15.2-6623  15.2-6624  15.2-6625  Next

Last modified: April 2, 2009