---
title: O.C.G.A. § 46-4-104. Bonds as legal investments.
collection: code
id: 46-4-104
cite_as: O.C.G.A. § 46-4-104 (2025)
canonical_url: https://georgiacommons.org/code/46-4-104
md_url: https://georgiacommons.org/code/46-4-104.md
text_url: https://georgiacommons.org/code/46-4-104/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=431
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / DISTRIBUTION, STORAGE, AND SALE OF GAS / MUNICIPAL GAS AUTHORITY OF GEORGIA
---

# O.C.G.A. § 46-4-104. Bonds as legal investments.

The bonds authorized by this article shall be securities in which:

(1) All public officers and bodies of this state;

(2) All political subdivisions of this state;

(3) All insurance companies and associations, and other persons carrying on an insurance business;

(4) All 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;

(5) All administrators, guardians, executors, trustees, and other fiduciaries; and

(6) All other persons whatsoever who are authorized to invest in bonds or other obligations of the state

may properly and legally invest funds, including capital in their control or belonging to them. Such bonds shall also be securities which may be deposited with and shall be received by all public officers and bodies of this state and its political subdivisions for any purpose for which deposit of the bonds or other obligations of this state is authorized.

## History

Code 1981, § 46-4-104, enacted by Ga. L. 1987, p. 745, § 1.