§ 35-12-12. Notes as legal investments.
The notes of the corporation are hereby made securities in which all public officers and bodies of this state and municipalities and municipal subdivisions, all 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 administrators, guardians, executors, trustees, and other fiduciaries, and all other persons whatsoever who are 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.
History of Section.P.L. 1982, ch. 324, § 1.
Structure Rhode Island General Laws
Chapter 35-12 - University of Rhode Island Research Corporation
Section 35-12-1. - Short title.
Section 35-12-2. - Purpose and findings.
Section 35-12-3. - Definitions.
Section 35-12-4. - Creation — Powers — Construction of chapter — Termination.
Section 35-12-5. - General powers.
Section 35-12-6. - Additional powers.
Section 35-12-7. - Directors and officers.
Section 35-12-8. - Notes of the corporation.
Section 35-12-9. - Security for notes.
Section 35-12-10. - Trust funds.
Section 35-12-11. - Exemption from taxation.
Section 35-12-12. - Notes as legal investments.
Section 35-12-13. - Agreement of the state.
Section 35-12-14. - Credit of the state.
Section 35-12-15. - Sale of accounts.
Section 35-12-16. - Annual report and audit.
Section 35-12-17. - Chapter controlling over inconsistent provisions.
Section 35-12-18. - Construction with other statutes.