Utah Code § 17C-1-505
Authority to purchase agency bonds
Utah · Utah Code Title 17C — Limited Purpose Local Government Entities - Community Reinvestment Agency Act · Status: effective
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- Citation
- Utah Code § 17C-1-505, Authority to purchase agency bonds, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2329900
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Full text
(1) Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase a bond issued by an agency under this part with funds owned or controlled by the purchaser.
(2) Nothing in this section may be construed to relieve a purchaser of an agency bond of any duty to exercise reasonable care in selecting securities.