Statute · California Public Utilities Code
Cal. Pub. Util. Code § 3381 — Bonds
Cal. Pub. Util. Code § 3381
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2001-08-13
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Bonds issued by the authority are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust companies, executors, administrators, trustees, and other fiduciaries, for state school funds, pension funds, and for any funds that may be…
Citator
Cal. Pub. Util. Code § 3381 — Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
Bonds issued by the authority are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust companies, executors, administrators, trustees, and other fiduciaries, for state school funds, pension funds, and for any funds that may be invested in county, school, or municipal bonds. The bonds issued under this division are securities that may legally be deposited with, and received by, any state or municipal officer or agency or political subdivision of the state, including, without limitation, local agencies, schools, and pension funds, for any purpose for which the deposit of bonds or obligations of the state is now, or may hereafter be, authorized by law, including deposits to secure public funds.