Arizona § 15-1693 - Bonds as legal investments
Full text of Arizona Arizona Revised Statutes § 15-1693 — Bonds as legal investments, with citation guidance and answers to common questions.
§ 15-1693. Bonds as legal investments
The state and all counties, cities, towns and other municipal corporations, political subdivisions and public bodies, and public officers of any thereof, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any debt service funds, monies or other funds belonging to them or within their control in any bonds issued pursuant to this article, it being the purpose of this section to authorize the investment in such bonds of all debt service, insurance, retirement compensation, pension and trust funds, whether owned or controlled by private or public persons or officers, except that nothing contained in this section may be construed as relieving any person, firm or corporation from any duty of exercising reasonable care in selecting securities for purchase or investment.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 15-1693
What does Arizona Revised Statutes § 15-1693 cover?
Section 15-1693 ("Bonds as legal investments") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 15-1693?
A common citation format is "Arizona Revised Statutes § 15-1693" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 15-1693 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.