Washington § 35.81.110 - Bonds as legal investment, security.

Full text of Washington Revised Code of Washington § 35.81.110 — Bonds as legal investment, security., with citation guidance and answers to common questions.

§ 35.81.110. Bonds as legal investment, security.

All banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking or investment business, all insurance companies, insurance associations, and other persons carrying on an insurance business and all executors, administrators, curators, trustees, and other fiduciaries, may legally invest any sinking funds, moneys, or other funds belonging to them or within their control in any bonds or other obligations issued by a municipality under this chapter. Such bonds and other obligations shall be authorized security for all public deposits. It is the purpose of this section to authorize any persons, political subdivisions, and officers, public or private, to use any funds owned or controlled by them for the purchase of any such bonds or other obligations. Nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities.
[ 2002 c 218 s 12; 1965 c 7 s 35.81.110. Prior: 1957 c 42 s 11.]

Notes

Severability—Savings—Construction—2002 c 218: See notes following RCW 35.81.005.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 35.81.110

What does Revised Code of Washington § 35.81.110 cover?

Section 35.81.110 ("Bonds as legal investment, security.") is part of the Revised Code of Washington, the codified statutory law of Washington. 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 Washington § 35.81.110?

A common citation format is "Revised Code of Washington § 35.81.110" (Washington). 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 Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 35.81.110 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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