1162 - Bonds and notes legal investments for fiduciaries.

§  1162. Bonds and notes legal investments for fiduciaries. The bonds,  or notes, 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  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  or  notes  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  or  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 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.