§ 33.1-308. Bonds eligible for investment
Bonds issued by the Board under the provisions of this article 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, advisers, trustees and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of a similar nature may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which 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 other obligations of the Commonwealth is now or may hereafter be authorized by law.
(Code 1950, § 33-255.13; 1952, c. 223; 1970, c. 322.)Sections: Previous 33.1-301 33.1-302 33.1-303 33.1-304 33.1-305 33.1-306 33.1-307 33.1-308 33.1-309 33.1-310 33.1-311 33.1-312 33.1-313 33.1-314 33.1-315 Next
Last modified: April 3, 2009