Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
469.038 BONDS, A LEGAL INVESTMENT.
When bonds issued by an authority or bonds issued by any public housing authority or
agency in the United States are secured by a pledge of annual contributions to be paid by the
United States government or any agency thereof, all banks, bankers, trust companies, savings
banks and institutions, investment companies, savings associations, insurance companies,
insurance associations, and other persons carrying on a banking or insurance business may legally
invest any sinking funds, money, or other funds belonging to them or within their control in the
bonds, and the bonds shall be authorized security for all public deposits.
History: 1987 c 291 s 38; 1995 c 202 art 1 s 25
When bonds issued by an authority or bonds issued by any public housing authority or
agency in the United States are secured by a pledge of annual contributions to be paid by the
United States government or any agency thereof, all banks, bankers, trust companies, savings
banks and institutions, investment companies, savings associations, insurance companies,
insurance associations, and other persons carrying on a banking or insurance business may legally
invest any sinking funds, money, or other funds belonging to them or within their control in the
bonds, and the bonds shall be authorized security for all public deposits.
History: 1987 c 291 s 38; 1995 c 202 art 1 s 25
Official Publication of the State of Minnesota
Revisor of Statutes