Effective - 28 Aug 1977
349.085. Notes and bonds declared to be approved investments for fiduciaries. — The notes and bonds of the corporation are securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, trust companies, savings associations, savings and loan associations, investment companies, all administrators, guardians, executors, trustees, and other fiduciaries, 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.
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(L. 1977 S.B. 267 § 16)
Structure Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 349 - Industrial Development Corporations
Section 349.010 - Definitions.
Section 349.015 - No eminent domain.
Section 349.020 - Agricultural operations not authorized.
Section 349.025 - Who may be incorporators.
Section 349.030 - Articles of incorporation, form and contents of.
Section 349.035 - Articles, where filed — secretary of state to issue certificate, when.
Section 349.040 - Articles, how amended.
Section 349.050 - Powers of corporation.
Section 349.052 - General and business corporation law applicable — exceptions.
Section 349.055 - Revenue bonds, issuance, provisions, sale.
Section 349.060 - Notes, issuance, provisions, sale.
Section 349.065 - Renewal notes, issued when, how.
Section 349.070 - Resolutions authorizing issuance of bonds or notes, provisions authorized in.
Section 349.075 - Trust agreements authorized.
Section 349.080 - Individuals not liable on notes or bonds.
Section 349.085 - Notes and bonds declared to be approved investments for fiduciaries.
Section 349.090 - Projects not tax exempt, exceptions — bond and note interest is exempt, exception.
Section 349.095 - Dissolution of corporation, effect of.
Section 349.100 - Disclaimer as to impairment of other powers of political subdivisions.