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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 11-14-317, 2006

Bonds as legal investments -- Use as security for the faithful performance of acts. All bonds issued under this chapter or other applicable law shall be legal investments for: all trust funds, including those under the…

Source excerpt

bondsinvestment of fundslegal investmentspublic financesecurity
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 2006
Dates
Enacted 2006
More statute details
Dates
Enacted 2006
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01

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“Bonds as legal investments -- Use as security for the faithful performance of acts. All bonds issued under this chapter or other applicable law shall be legal investments for: all trust funds, including those under the jurisdiction of the”

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Subsection 11-14-317(3)

If county, city, or school district bonds may be used as security for a court or private trust, bonds of any other local political subdivision may be used the same way.

Section 11-14-317(3)

04

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In force source record

Source record from le.utah.gov · Enacted 2006

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Showing 8 of 8 provisions

Provision 8

Part 11-14-3

part 11-14-3 Issuance of Bonds

§ 11-14-317Bonds as legal investments -- Use as security for the faithful performance of acts.Provision

Source excerpt

Bonds as legal investments -- Use as security for the faithful performance of acts. All bonds issued under this chapter or other applicable law shall be legal investments for: all trust funds, including those under the jurisdiction of the

Bonds as legal investments -- Use as security for the faithful performance of acts. All bonds issued under this chapter or other applicable law shall be legal investments for: all trust funds, including those under the jurisdiction of the state; the funds of all insurance companies, banks, and both commercial and savings and trust companies; the state school funds; and all sinking funds under the control of the state treasurer. If funds may by law be invested in or loaned upon the security of bonds of a county, city, or school district, funds may be invested in or loaned upon the security of the bonds of any other local political subdivision. If bonds of a county, city, or school district may by law be used as security for the faithful performance on execution of any court or private trust or any other act, the bonds of any other local political subdivision may be used in the same way.
Section 11-14-317Verify source
§ 11-14-317(1)Subsection 11-14-317(1)Provision

Source excerpt

Bonds issued under this chapter or other applicable law are legal investments for specified public and private funds.

All bonds issued under this chapter or other applicable law shall be legal investments for: all trust funds, including those under the jurisdiction of the state; the funds of all insurance companies, banks, and both commercial and savings and trust companies; the state school funds; and all sinking funds under the control of the state treasurer.
Section 11-14-317(1)Verify source
§ 11-14-317(1)(a)Subsection 11-14-317(1)(a)Provision

Source excerpt

all trust funds, including those under the jurisdiction of the state;

all trust funds, including those under the jurisdiction of the state;
Section 11-14-317(1)(a)Verify source
§ 11-14-317(1)(b)Subsection 11-14-317(1)(b)Provision

Source excerpt

the funds of all insurance companies, banks, and both commercial and savings and trust companies;

the funds of all insurance companies, banks, and both commercial and savings and trust companies;
Section 11-14-317(1)(b)Verify source
§ 11-14-317(1)(c)Subsection 11-14-317(1)(c)Provision

Source excerpt

the state school funds; and

the state school funds; and
Section 11-14-317(1)(c)Verify source
§ 11-14-317(1)(d)Subsection 11-14-317(1)(d)Provision

Source excerpt

all sinking funds under the control of the state treasurer.

all sinking funds under the control of the state treasurer.
Section 11-14-317(1)(d)Verify source
§ 11-14-317(2)Subsection 11-14-317(2)Provision

Source excerpt

If funds are legally allowed to be invested in or loaned on county, city, or school district bonds, they may also be invested in or loaned on bonds of any other local political subdivision.

If funds may by law be invested in or loaned upon the security of bonds of a county, city, or school district, funds may be invested in or loaned upon the security of the bonds of any other local political subdivision.
Section 11-14-317(2)Verify source
§ 11-14-317(3)Subsection 11-14-317(3)Provision

Source excerpt

If county, city, or school district bonds may be used as security for a court or private trust, bonds of any other local political subdivision may be used the same way.

If bonds of a county, city, or school district may by law be used as security for the faithful performance on execution of any court or private trust or any other act, the bonds of any other local political subdivision may be used in the same way.
Section 11-14-317(3)Verify source

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