Refunding bonds issued under this chapter are legal investments for all state trust funds, insurance companies, banks, trust companies, and the state school fund, and may be used as collateral to secure legal obligations.
Utah Code § 11-27-10
Legal investment status of refunding bonds
Known as the Utah Refunding Bond Act
The act spans §§ 11–11 (11 sections).
Enacted by Chapter 6, 1984 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.