SEC. 31-31-37. Investment in bonds by trustees, savings banks, trust companies, etc.; bonds as legal securities for deposit of public funds.
All bonds issued under this chapter shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities that may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.
SOURCES: Laws, 1995, ch. 628, Sec. 19, eff from and after July 1, 1995 (became law without the Governor's signature)