SEC. 21-33-521. Bonds considered legal investments.
Bonds issued under the provisions of this article shall be legal investments for commercial banks, savings and loan associations and insurance companies organized under the laws of this state.
SOURCES: Laws, 1993, ch. 573, § 11; reenacted without change, 1998, ch. 502, § 11; brought forward without change, Laws, 2000, ch. 459, § 11, HB 844, eff from and after February 12, 2001 (the date the United States Attorney General interposed no objection under Section 5 of the Voting Rights Act of 1965 to the amendment of this section).
PREVIOUS VERSIONS: Pre-2001