Okla. Stat. tit. 70, § 70-2208
This is the official text of Okla. Stat. tit. 70, § 70-2208, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Bonds as legal investment
Official statutory text
Any bank, trust, or insurance company organized under the laws
of Oklahoma may invest its capital, surplus, and reserves in bonds
issued under the provisions of this act. The officers having charge
of any sinking fund or any other fund of the state or any
department, agency, or institution thereof, including the various
funds established by Chapter 27 of Title 70 (House Bill No. 244 of
the Session Laws of 1945), or any county, city, town, township, or
school district in the state, may invest such funds in bonds issued
under the provisions of this act at the reasonable market value
thereof. Such bonds are also approved as collateral security for
the deposit of any public funds and for the investment of trust
funds.
of Oklahoma may invest its capital, surplus, and reserves in bonds
issued under the provisions of this act. The officers having charge
of any sinking fund or any other fund of the state or any
department, agency, or institution thereof, including the various
funds established by Chapter 27 of Title 70 (House Bill No. 244 of
the Session Laws of 1945), or any county, city, town, township, or
school district in the state, may invest such funds in bonds issued
under the provisions of this act at the reasonable market value
thereof. Such bonds are also approved as collateral security for
the deposit of any public funds and for the investment of trust
funds.
Status: in_force · Read it on the official government site
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