Arizona § 28-7516 - Bonds; legal investments
Full text of Arizona Arizona Revised Statutes § 28-7516 — Bonds; legal investments, with citation guidance and answers to common questions.
§ 28-7516. Bonds; legal investments
Bonds issued under this article are made securities:
1. In which all of the following may properly and legally invest monies including capital in their control or belonging to them:
(a) Public officers and bodies of this state.
(b) Political subdivisions of this state.
(c) Insurance companies and associations and other persons carrying on an insurance business.
(d) Banks, bankers, trust companies, savings banks and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business.
(e) Administrators, guardians, executors, trustees and other fiduciaries.
(f) Other persons authorized to invest in bonds or other obligations of this state.
2. That may be deposited with and may be received by all public officers and bodies of this state and all political subdivisions of this state for any purpose for which the deposit of bonds or other obligations of this state is authorized.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 28-7516
What does Arizona Revised Statutes § 28-7516 cover?
Section 28-7516 ("Bonds; 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 § 28-7516?
A common citation format is "Arizona Revised Statutes § 28-7516" (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 § 28-7516 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.