The State Department of State Hospitals may invest funds held as executor, administrator, guardian or conservator of estates, or trustee, in bonds or obligations issued or guaranteed by the United States or the State of California. Such investments may be made and such bonds or obligations may be sold or exchanged for similar bonds or obligations without notice or court authorization.
(Amended by Stats. 2012, Ch. 24, Sec. 175. (AB 1470) Effective June 27, 2012.)