Legal List Statutes

Legal List Statutes

State laws that enumerate the investments into which certain institutions and fiduciaries—those who manage money and property for another and who must exercise a standard of care in such activity in accordance with law or contract—can venture.

Legal lists are frequently limited to high caliber Securities that generate a satisfactory yield with a minimum amount of risk to the principal.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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