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Minnesota Legislature

Office of the Revisor of Statutes

453.60 AUTHORIZED INVESTMENTS; SECURITY FOR PUBLIC DEPOSITS.
Notwithstanding any other law to the contrary, the state of Minnesota and all its public
officers, governmental units, agencies and instrumentalities, all banks, trust companies, savings
banks and institutions, savings 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, money, or other funds belonging to them or within their
control in any bonds or notes issued pursuant to sections 453.51 to 453.62, and the bonds or notes
shall be authorized security for any and all public deposits.
History: 1976 c 313 s 10; 1995 c 202 art 1 s 25