(1) The following may purchase a corporation bond with funds owned or controlled by the purchaser: (a) a person; (b) a political subdivision of the state; (c) another entity; or (d) a public or private officer.
(a) a person;
(b) a political subdivision of the state;
(c) another entity; or
(d) a public or private officer.
(2) Nothing in this part may be construed to relieve a purchaser of a corporation bond of a duty to exercise reasonable care in selecting securities.
(3) The corporation may purchase the corporation's own corporation bond at a price that the board determines.
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