Title 46, Chapter 3, Section 134
( 46-3-134)
The bonds authorized by this article shall be securities in which: (1) All public officers and bodies of this state; (2) All political subdivisions of this state; (3) All insurance companies and associations, and other persons
carrying on an insurance business; (4) All banks, bankers, trust companies, saving banks, and savings
associations, including savings and loan associations, building
and loan associations, investment companies, and other persons
carrying on a banking business; (5) All administrators, guardians, executors, trustees, and other
fiduciaries; and (6) All other persons whatsoever 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. Such bonds shall also be securities
which may be deposited with and shall be received by all public
officers and bodies of this state and its political subdivisions for
any purpose for which deposit of the bonds or other obligations of
this state is authorized. |