15-9-128. Investment of funds in bonds authorized; duty of care.
(a) Anyone carrying on a banking or investment business or an insurance business and all fiduciaries may legally invest any monies or other funds belonging to them or within their control in any bonds or other obligations issued by a municipality pursuant to this chapter.
(b) 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.
(c) 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.
Structure Wyoming Statutes
Section 15-9-101 - Short Title.
Section 15-9-102 - Legislative Findings.
Section 15-9-103 - Definitions.
Section 15-9-104 - Private Enterprise to Be Preferred; When Considered.
Section 15-9-105 - Workable Program; Formulation; Objectives and Provisions Thereof.
Section 15-9-106 - Initiative Resolution; How Adopted; Findings.
Section 15-9-107 - Preliminary Requirements for Projects; Generally.
Section 15-9-108 - Preliminary Requirements for Projects; Preparation of Plan; Review by Commission.
Section 15-9-111 - When Plan Modifiable and Effective.
Section 15-9-112 - Provisions Not Applicable for Disaster Area.
Section 15-9-113 - General Powers of Municipality.
Section 15-9-114 - Condemnation.
Section 15-9-115 - Property Acquired in Project; Disposition and Use Generally.
Section 15-9-117 - Property Acquired in Project; Temporary Operation and Maintenance.
Section 15-9-119 - Bonds Authorized; Payment Thereof; Security.
Section 15-9-120 - Taxes Upon Property; Authorized Division Thereof.
Section 15-9-121 - Taxes Upon Property; When Pledging Allowed.
Section 15-9-122 - Bonds; Provisions Inapplicable; Tax Exemption.
Section 15-9-123 - Bonds; Resolution or Ordinance; Characteristics.
Section 15-9-124 - Bonds; Sale or Exchange.
Section 15-9-125 - Bonds; Signatures and Negotiability.
Section 15-9-126 - Bonds; Recitation Thereon.
Section 15-9-128 - Investment of Funds in Bonds Authorized; Duty of Care.
Section 15-9-129 - Exemption of Property From Execution; Exception.
Section 15-9-130 - Exemption of Property From Taxation; Termination Thereof.
Section 15-9-131 - Powers of Municipality, Public Body in Aiding Project.
Section 15-9-132 - Instruments Presumed Properly Executed.
Section 15-9-133 - Exercise of Powers; Delegation and Scope Thereof; Exceptions.
Section 15-9-135 - Agency; Staff.