Section 1600-L. Bonds legal investments for public officers

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.
    * NB Ceases to exist December 31, 2009
    * NB There are 2 § 1600-l's