§ 2675-M — Bonds; legal investment for fiduciaries

§ 2675-m. Bonds; legal investment for fiduciaries. The bonds are\nhereby made securities in which all public officers and bodies of this\nstate and all municipalities and municipal subdivisions, all insurance\ncompanies and associations and other persons carrying on an insurance\nbusiness, all banks, bankers, trust companies, savings banks and savings\nassociations, including savings and loan associations, investment\ncompanies and other persons carrying on a banking business and all other\npersons whatsoever, except as hereinafter provided, who are now or may\nhereafter be authorized to invest in bonds or other obligations of the\nstate, may properly and legally invest funds including capital in their\ncontrol or belonging to them; provided that, notwithstanding the\nprovisions of any other general or special law to the contrary, such\nbonds shall not be eligible for the investment of funds, including\ncapital, trusts, estates or guardianships under the control of\nindividual administrators, guardians, executors, trustees and other\nindividual fiduciaries. The bonds are also hereby made securities which\nmay be deposited with and may be received by all public officers and\nbodies of this state and all municipalities and municipal subdivisions\nfor any purpose for which the deposit of bonds or other obligations of\nthis state is now or may hereafter be authorized.\n