* § 2480. Bonds and notes as legal investments for public officers and
fiduciaries. The bonds and notes of the authority are hereby made
securities in which all public officers and bodies of this state and all
political subdivisions thereof, 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,
all administrators, guardians, executors, trustees and other
fiduciaries, and all other persons 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. The bonds and notes 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 political subdivisions thereof for any
purpose for which the deposit of bonds or other obligations of this
state is now or may hereafter be authorized.

* NB (Disbanded March, 1980)