§ 3612. Bonds; legal investment for fiduciaries. The bonds of the\ncorporation are hereby made securities in which all public officers and\nbodies of the state and all municipalities, all insurance companies and\nassociations and other persons carrying on an insurance business, all\nbanks, bankers, trust companies, savings banks and saving associations,\nincluding savings and loan associations, building and loan associations,\ninvestment companies and other persons carrying on a banking business,\nand administrators, guardians, executors, trustees and other fiduciaries\nand all other persons whatsoever, who are now or may hereafter be\nauthorized to invest in bonds or other obligations of the state may\nproperly and legally invest funds including capital in their control or\nbelonging to them. The bonds are also hereby made securities which may\nbe deposited with and may be received by all public officers and bodies\nof the state and all municipalities for any purposes for which the\ndeposit of bonds or other obligations of this state is now or hereafter\nmay be authorized.\n
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