Delaware Code § 17-319

Bonds as legal investments for institutions and fiduciaries
Open in Lexace · Ask the AI about this section
Bonds issued by the Department to finance the construction of the Bridge are made securities in which all state and municipal officers
and administrative departments, boards and commissions of the State, all banks, bankers, savings banks, trust companies, saving 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 administrators, executors, guardians, trustees and other fiduciaries and all other
persons whatsoever authorized to invest in bonds or other obligations of the State may properly and legally invest any funds, including
capital belonging to them or within their control; and such bonds are made securities which may properly and legally be deposited with and
received by any state, county or municipal officer or agency of the State for any purpose for which the deposit of bonds or other obligations
of the State is authorized by law.
(Code 1935, c. 166; 45 Del. Laws, c. 275, § 1; 17 Del. C. 1953, § 319.)

‹ Prev All Delaware sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.