Section 17C-1-505 - Authority to purchase agency bonds(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.Amended by Chapter 350, 2016 General Session ,§ 49, eff. 5/10/2016.Renumbered and Amended by Chapter 359, 2006 General Session