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Legal Opinion

Opinion No. (1990)

Oklahoma Attorney General Reports

Decided June 19, 1990Published

1Opinion of the Court

Dear Representatives Heaton

¶ 0 The Attorney General has received your letter asking for an official opinion addressing, in effect, the following questions:

1. May a school district invest funds held by the district? Ifso, what investment instruments may the district utilize?

2. May a school district buy and/or sell legally permissibleinvestment instruments through a licensed broker-dealer? If so,may the district pay a fee for such services?

3. May a school district allow investment instruments,registered in the district's name, to be held for safekeeping bya licensed broker-dealer? If so, what…

2Cases cited9 opinions

  1. Investment Company Institute v. CampSupreme Court of the United States · 1971
  2. Holbert v. EcheverriaSupreme Court of Oklahoma · 1987
  3. Oklahoma Tax Commission v. Fortinberry Co.Supreme Court of Oklahoma · 1949
  4. State Ex Rel. Oklahoma Employment SEC. Com. v. Tulsa Flower ExchangeSupreme Court of Oklahoma · 1943
  5. Hulme v. Springfield Life Insurance Co.Supreme Court of Oklahoma · 1977

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