§ 4623. Bonds or notes as legal investment
Notwithstanding any other law, the State and all public officers, governmental units, and agencies thereof, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees, and other fiduciaries may legally invest any sinking funds, monies, or other funds belonging to them or within their control in any bonds or notes issued under this chapter, and these bonds or notes are authorized security for any and all public deposits. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
Structure Vermont Statutes
Title 24 - Municipal and County Government
Chapter 119 - Municipal Bond Bank
§ 4554. Administration expenses
§ 4555. Duties of State Treasurer
§ 4556. Cooperation by government agencies; cost
§ 4573. Removal from office; oath
§ 4576. Compensation; expenses
§ 4596. Care and custody of bonds
§ 4621. Form of obligation; faith and credit
§ 4622. Negotiability of bonds or notes
§ 4623. Bonds or notes as legal investment
§ 4641. Loans to governmental units
§ 4642. Amount and purpose; general obligation
§ 4645. Administrative consent or conditions not required
§ 4646. Approval of Governor and Treasurer
§ 4647. Payment or refunding of notes
§ 4648. Terms of agreement with bond or noteholder
§ 4649. Purchase and disposition of own obligations
§ 4651. Exchange of coupon bonds
§ 4652. Waiver of defenses; rights of holder
§ 4653. Bond anticipation notes
§ 4654. Marketability; certification
§ 4655. Presumption of validity
§ 4672. Withdrawal or transfer
§ 4674. Relation to bond sales
§ 4680. Application of funds; excess
§ 4681. Revenue Bond Reserve Fund
§ 4682. Investment of Revenue Bond Reserve Fund
§ 4684. Revenue Fund operating expenses
§ 4685. Special accounts in Revenue Fund
§ 4701. Rights of holders paramount
§ 4703. Powers of trustee on default
§ 4704. Superior Court jurisdiction
§ 4707. Exemption from execution and sale
§ 4708. Pledge of revenues; lien thereof