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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 11-25-17, 1977

Residential rehabilitation bonds are treated as legal investments for specified funds, institutions, fiduciaries, and for certain lawful deposits.

Source excerpt

bank depositsbondsinsurance company fundstrust funds
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 1977
Dates
Enacted 1977
More statute details
Dates
Enacted 1977
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01

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“Residential rehabilitation bonds are treated as legal investments for specified funds, institutions, fiduciaries, and for certain lawful deposits.”

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In force source record

Source record from le.utah.gov · Enacted 1977

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Provision
§ 11-25-17Residential rehabilitation bonds as investments or deposits.Provision

Source excerpt

Residential rehabilitation bonds are treated as legal investments for specified funds, institutions, fiduciaries, and for certain lawful deposits.

Residential rehabilitation bonds as investments or deposits. Notwithstanding any other provisions of law, bonds issued pursuant to this part shall be legal investments for all trust funds, the funds of insurance companies, savings and loan associations, investment companies and banks, both savings and commercial, and shall be legal investments for executors, administrators, trustees, and all other fiduciaries. The bonds shall be legal investments for state school funds and for any fund which may be invested in county, municipal, or school district bonds, and the bonds shall be deemed to be securities which may properly and legally be deposited with, and received by, any state or municipal officer or by any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now, or may hereafter be, authorized by law, including deposits to secure public funds.
Section 11-25-17Verify source

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