Section 1569-M. Bonds; legal investments for fiduciaries

The bonds of the
  authority 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 all other persons whatsoever except
  as otherwise provided in this section, who are 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: provided
  that, notwithstanding the provisions of any other general or special law
  to the contrary, such bonds shall not be eligible for the investment  of
  funds,  including capital, of trusts, estates or guardianships under the
  control of individual administrators, guardians, executors, trustees and
  other individual fiduciaries. Such 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 authorized.