152A.519 Status of bonds as investments. Bonds issued by the authority are securities in which all public officers and public bodies, agencies, and instrumentalities of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment comp anies, executors, administrators, 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 capit al in their control or belonging to them. Such bonds are 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 dep osit of bonds or other obligations of the Commonwealth is now or may hereafter be authorized by law. Effective: July 15, 1980 History: Created 1980 Ky. Acts ch. 257, sec. 10, effective July 15, 1980.
Kentucky Legal Code