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This entry was published on 2014-09-22
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SECTION 1020-M
Legal investments
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 1-A
* § 1020-m. Legal investments. Any bonds or notes issued by the
authority are hereby made securities in which all public officers and
bodies of this state and all municipalities, all insurance companies and
associations and other persons carrying on an insurance business, all
banks, bankers, trust companies, savings banks and savings associations,
including savings and loan associations, building and loan associations,
investment companies and other persons carrying on a banking business,
all trusts, estates and guardianships and all other persons whatsoever,
who are now or may hereafter be authorized to invest in bonds or other
obligations of the state, may properly and legally invest funds,
including capital in their control or belonging to them. The bonds and
notes are also hereby made securities which may be deposited with and
shall be received by all public officers and bodies of the state and all
municipalities for any purpose for which the deposit of bonds or other
obligations of the state is now or may hereafter be authorized.

* NB There are 2 § 1020-m's