Georgia § 52-2-29 - Revenue bonds - Status of bonds as legal investments and as securities for deposits.
Full text of Georgia Official Code of Georgia Annotated § 52-2-29 — Revenue bonds - Status of bonds as legal investments and as securities for deposits., with citation guidance and answers to common questions.
§ 52-2-29. Revenue bonds - Status of bonds as legal investments and as securities for deposits.
The bonds authorized in this chapter are made securities in which: All public officers and bodies of this state; All municipalities and all municipal subdivisions; All insurance companies and associations and other persons carrying on an insurance business; All 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; All administrators, guardians, executors, trustees, and other fiduciaries; and All other persons whatsoever who are authorized to invest in bonds or other obligations of the state may properly and legally invest funds, including capital in their control or belonging to them. The bonds authorized in this chapter are also made securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of the bonds or other obligations of this state is authorized. (Ga. L. 1945, p. 464, § 14; Ga. L. 1982, p. 3, § 52.) Law reviews. - For note discussing and comparing the prudent man rule and the legal list rule in trustee investment, see 15 Mercer L. Rev. 530 (1964).
Frequently Asked Questions About Georgia § 52-2-29
What does Official Code of Georgia Annotated § 52-2-29 cover?
Section 52-2-29 ("Revenue bonds - Status of bonds as legal investments and as securities for deposits.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. 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 Georgia § 52-2-29?
A common citation format is "Official Code of Georgia Annotated § 52-2-29" (Georgia). 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 Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 52-2-29 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia 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 Georgia.