2480 - Bonds and notes as legal investments for public officers and fiduciaries.

* § 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)