64 Pa.C.S. § 1528
This is the official text of 64 Pa.C.S. § 1528, part of Pennsylvania’s Pa.C.S — part of the compiled statutory law of Pennsylvania, published by the state as "Pa.C.S." Browse the sections below, each linked to its official government source.
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Bonds to be legal investments.
Official statutory text
(a) Investments.--Bonds issued pursuant to this chapter are made securities in which all of the following may properly and legally invest funds, including capital, deposits or other funds in their control or belonging to them:
(1) Government agencies.
(2) Insurance companies.
(3) Trust companies.
(4) Banking associations, banking corporations and savings banks.
(5) Investment companies.
(6) Executors, trustees and other fiduciaries.
(7) Trustees of any retirement, pension or annuity fund or system of the Commonwealth.
(b) Deposits.--Bonds issued by the authority are made securities which may properly and legally be deposited with and received by a government agency for any purpose for which the deposit of bonds or other obligations of the Commonwealth are authorized by law.
(1) Government agencies.
(2) Insurance companies.
(3) Trust companies.
(4) Banking associations, banking corporations and savings banks.
(5) Investment companies.
(6) Executors, trustees and other fiduciaries.
(7) Trustees of any retirement, pension or annuity fund or system of the Commonwealth.
(b) Deposits.--Bonds issued by the authority are made securities which may properly and legally be deposited with and received by a government agency for any purpose for which the deposit of bonds or other obligations of the Commonwealth are authorized by law.
Status: in_force · Read it on the official government site
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