§ 2676-l. Bonds legal investment for fiduciaries. The bonds of the
authority are hereby made securities in which all public officers 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, building 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 upon the
effective date of this title, or thereafter, 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.
Notwithstanding other provisions of law, the bonds are also hereby made
securities which may be deposited with and may be received by all public
officers and bodies of the state and all municipalities for any purposes
for which the deposit of bonds or other obligations of this state is
upon the effective date of this title, or thereafter authorized.