Nevada § 319.390 - Notes and bonds as legal investments

§ 319.390. Notes and bonds as legal investments

1. The notes and bonds of the Division are legal investments in which all public officers

and public bodies of the State, its political subdivisions, all municipalities and

municipal subdivisions, all insurance companies and associations and other persons

carrying on an insurance business, all banks, savings and loan associations, savings

banks and trust companies, all administrators, guardians, executors, trustees and

other fiduciaries, and all other persons who are authorized on or after July 1, 1975,

to invest in bonds or in other obligations of this state, may properly and legally

invest funds, including capital, in their control or belonging to them. The notes and bonds are securities which may properly and legally be deposited with

and received by all public officers and public bodies of the State or any agency or

political subdivision of the State and all municipalities and public corporations

for any purpose for which the deposit of bonds or other obligations of this state

is authorized by law on and after July 1, 1975, and may be used as collateral to secure

any deposit of public moneys. 2. The notes and bonds of the Division are securities within the meaning of the Uniform

Commercial Code -- Investment Securities.