§ 1570-l. Bonds; legal investments for fiduciaries. The bonds of the
authority are hereby made securities in which all public officers and
bodies of this state and all municipalities and municipal subdivisions,
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,
building and loan associations, investment companies and other persons
carrying on a banking business, and all other persons whatsoever except
as otherwise provided in this section, 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; provided
that, notwithstanding the provisions of any other general or special law
to the contrary, such bonds shall not be eligible for the investment of
funds, including capital, of trusts, estates or guardianships under the
control of individual administrators, guardians, executors, trustees and
other individual fiduciaries. Such bonds are also hereby made securities
which may be deposited with and shall be received by all public officers
and bodies of this state and all municipalities and municipal
subdivisions for any purpose for which the deposit of bonds or other
obligations of this state is authorized.