Sec. 301.010. BONDS AS INVESTMENTS. Bonds issued by a hospital laundry cooperative association under this subchapter are legal and authorized investments for:
(1) a bank;
(2) a savings and loan association;
(3) an insurance company;
(4) a fiduciary;
(5) a trustee; and
(6) a sinking fund of a municipality, county, school district, or other political subdivision or corporation of the state or other public fund of the state or a state agency, including the permanent school fund.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle E - Cooperative Associations
Chapter 301 - Cooperative Associations
Subchapter A. Hospital Laundry Cooperative Associations
Section 301.002. Creation of Hospital Laundry Cooperative Association
Section 301.003. Articles of Incorporation
Section 301.004. Use of Public Funds Prohibited
Section 301.005. Membership; Membership Privileges; Expulsion of Members
Section 301.006. Membership Not Required
Section 301.007. Powers of Hospital Laundry Cooperative Association
Section 301.008. Cost of Services
Section 301.009. Bonds, Notes, or Other Obligations
Section 301.010. Bonds as Investments
Section 301.011. Bonds as Security for Deposits
Section 301.012. Liability to Creditors
Section 301.013. Tax Exemption
Section 301.014. Annual Report