The Arizona Revised Statutes have been updated to include the revised sections from the 54th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 55th Legislature, 1st Regular Session, which convenes in January 2021.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
Bonds issued under this article are made securities:
1. In which all of the following may properly and legally invest monies including capital in their control or belonging to them:
(a) Public officers and bodies of this state.
(b) Political subdivisions of this state.
(c) Insurance companies and associations and other persons carrying on an insurance business.
(d) 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.
(e) Administrators, guardians, executors, trustees and other fiduciaries.
(f) Other persons authorized to invest in bonds or other obligations of this state.
2. That may be deposited with and may be received by all public officers and bodies of this state and all political subdivisions of this state for any purpose for which the deposit of bonds or other obligations of this state is authorized.