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Independent State Entities | |
Military Installation Development Authority Act | |
Section 603 | Authority to purchase agency bonds. |
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63H-1-603. Authority to purchase agency bonds. (1) Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase bonds issued by an authority under this part with funds owned or controlled by the purchaser. (2) Nothing in this section may be construed to relieve a purchaser of authority bonds of any duty to exercise reasonable care in selecting securities.
Enacted by Chapter 23, 2007 General Session |
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