1. (1) that may be deposited with and received by a unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law; and

2. (2) in which any of the following persons or entities may invest money:

   1. (i) an officer or a unit of the State or a political subdivision of the State;
   2. (ii) a bank, a trust company, a savings and loan association, or an investment company;
   3. (iii) an insurance company; and
   4. (iv) a personal representative, trustee, or other fiduciary.

Bonds issued under this part are securities:

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.