Section 4-5-31 - Physical custody of securities purchased--Deposit with fiscal agent

4-5-31. Physical custody of securities purchased--Deposit with fiscal agent.All securities purchased shall be in the physical custody of the state treasurer who may, with the approval of the State Investment Council, deposit with a fiscal agent the securities as he shall consider advisable to be held in safekeeping by said agent for collection of principal and interest. Source: SL 1971, ch 27, §23.