Section 2324. Bonds as legal investments

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 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, of 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 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.