68-402. SECURITIES OF FEDERAL HOUSING ADMINISTRATOR AND NATIONAL MORTGAGE ASSOCIATIONS LEGAL INVESTMENTS. It shall be lawful for banks, trust companies, insurance companies, loan and building corporations, building and loan associations, savings and loan associations, and other savings and/or investment institutions, guardians, executors, administrators, trustees and other fiduciaries, and all other persons, associations and corporations subject to the laws of this state, qualified thereto, to invest their funds and the moneys in their custody or possession eligible for investment in notes or bonds secured by mortgage or deed of trust insured or debentures issued, by the federal housing administrator, and in securities and stocks of national mortgage associations.
History:
[68-402, added 1935, ch. 3, sec. 2, p. 14; am. 1935, ch. 127, sec. 2, p. 299; am. 1937, ch. 26, sec. 2, p. 36; am. 1957, ch. 108, sec. 1, p. 186.]
Structure Idaho Code
Title 68 - TRUSTS AND FIDUCIARIES
Section 68-401 - MORTGAGE LOANS INSURABLE BY FEDERAL HOUSING ADMINISTRATOR — AUTHORITY TO MAKE.
Section 68-403 - OTHER LAWS DECLARED INAPPLICABLE.
Section 68-404 - FEDERAL HOME LOAN BANK SECURITIES MADE LEGAL INVESTMENTS.
Section 68-404A - BANKS AND TRUST COMPANIES — INVESTMENT IN MUTUAL FUNDS.
Section 68-405 - HOUSING BONDS LEGAL INVESTMENTS.
Section 68-406 - LIFE, ENDOWMENT AND ANNUITY CONTRACTS — INVESTMENT OF FUNDS.
Section 68-407 - PUBLIC AND TRUST FUNDS — INVESTMENT IN PORT DISTRICT OBLIGATIONS.