Section 1914. Bonds legal investments for public officers and 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,
  investment companies and other persons carrying on  a  banking  business
  and  all  other  persons whatsoever, except as hereinafter provided, 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; 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,  trusts,  estates or guardianships under the
  control of individual administrators, guardians, executors, trustees and
  other individual fiduciaries. 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.