Section 910. 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  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 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 now or  hereafter
  may be authorized.