§20-5-7. Investment in notes, bonds and security interests.
The notes, bonds and security interests of the director are
hereby made securities in which the state board of investments, all
insurance businesses, all banking institutions, trust companies,
building and loan associations, savings and loan associations may
invest and upon which notes, security interests or bonds become
subject to redemption plus accrued interest to such date. Upon the
purchase, the notes, security interests or bonds shall be canceled.