Section 1020-L. Bonds legal investments for 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, 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  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.
    * NB There are 2 § 1020-l's