All registered warrants issued by the state are legal investments for all:
- (a) Trust funds.
- (b) Funds of all insurers.
- (c) Funds of savings and loan associations.
- (d) Funds of all banks, including any legal combination of commercial banks, savings banks and trust companies.
- (e) Funds of all counties, municipal corporations, districts, public corporations, political subdivisions, or state agencies.