RCW 35.81.110
Bonds as legal investment, security.
All banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking or investment business, all insurance companies, insurance associations, and other persons carrying on an insurance business and all executors, administrators, curators, trustees, and other fiduciaries, may legally invest any sinking funds, moneys, or other funds belonging to them or within their control in any bonds or other obligations issued by a municipality under this chapter. Such bonds and other obligations shall be authorized security for all public deposits. It is the purpose of this section to authorize any persons, political subdivisions, and officers, public or private, to use any funds owned or controlled by them for the purchase of any such bonds or other obligations. Nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities.
[ 2002 c 218 § 12; 1965 c 7 § 35.81.110. Prior: 1957 c 42 § 11.]
NOTES:
Severability—Savings—Construction—2002 c 218: See notes following RCW 35.81.005.
Structure Revised Code of Washington
Chapter 35.81 - Community Renewal Law.
35.81.005 - Declaration of purpose and necessity.
35.81.030 - Encouragement of private enterprise.
35.81.040 - Formulation of workable program.
35.81.050 - Findings by local governing body required—Exercise of community renewal agency powers.
35.81.060 - Comprehensive plan—Preparation—Hearing—Approval—Modification—Effect.
35.81.070 - Powers of municipality.
35.81.090 - Acquisition, disposal of real property in community renewal area.
35.81.095 - Selection of person to undertake redevelopment or rehabilitation of real property.
35.81.100 - Bonds—Issuance—Form, terms, payment, etc.—Fund for excess property tax, excise tax.
35.81.110 - Bonds as legal investment, security.
35.81.115 - General obligation bonds authorized.
35.81.120 - Property of municipality exempt from process and taxes.
35.81.130 - Powers of public bodies.
35.81.140 - Conveyance to purchaser, etc., presumed to be in compliance with chapter.
35.81.150 - Exercise of community renewal project powers.
35.81.170 - Discrimination prohibited.
35.81.190 - Local improvement districts—Establishment—Special assessments—Bonds.