1599-MMMM - Bonds legal investments for public officers and fiduciaries.

§   1599-mmmm.   Bonds  legal  investments  for  public  officers  and  fiduciaries. 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 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  whatsoever 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 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.