Bonds issued by a cooperative association under this subchapter are legal and authorized investments for:

1. (1) a bank;
2. (2) a savings and loan association;
3. (3) an insurance company;
4. (4) a fiduciary; and
5. (5) a trustee.

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.