§ 1232-k. Bonds legal investments for fiduciaries. The bonds of the
authority are hereby made securities in which all public officials and
bodies of the state and all municipalities, all insurance companies and
associations and other persons carrying on an insurance business, all
banks, bankers, trust companies, savings banks and savings associations,
including savings and loan associations, investment companies and other
persons carrying on a banking business, and administrators, guardians,
executors, trustees and other fiduciaries and 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. The bonds are also hereby made
securities which may be deposited with and may be received by all public
officers and bodies of this state and all municipalities for any
purposes for which the deposit of bonds or other obligations of this
state is authorized.