                                 CODE OF VIRGINIA

BONDS MADE SECURITIES FOR INVESTMENT AND DEPOSIT (§ 5.1-2.12)

Bonds issued by the Board under the provisions of this chapter are hereby made
securities in which all public officers and public bodies of the Commonwealth
and its political subdivisions, all insurance companies, trust companies,
banking associations, investment companies, executors, administrators, trustees,
and other fiduciaries may properly and legally invest funds, including capital
in their control or belonging to them. Such bonds are hereby made securities
which may properly and legally be deposited with and received by any state or
municipal officer or any agency or political subdivision of the Commonwealth for
any purpose for which the deposit of bonds or obligations of the Commonwealth is
now or may hereafter be authorized by law.

HISTORY: 1980, c. 750.