* § 1599-mmm. Bonds legal investments for public officers. The bonds
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 person 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 person
carrying on a banking business, and all other persons whatsoever, except
as hereinafter provided, who are now or may hereafter be 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. The 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 now or may hereafter be
authorized.

* NB Authority ceased to exist 04/01/1977

* NB There are 2 § 1599-mmm's