The directors of any such corporation have discretionary power to invest all moneys
received by it on deposit or in trust, and the investment or deposit of which otherwise
may not be limited or directed, in such securities as are herein authorized. The corporation is responsible to the owners or beneficiaries of such moneys, for
the validity, regularity, quality, value, and genuineness of all such investments
and securities at the time said investments are so made, and for the safekeeping of
the evidences and securities thereof. If any special direction, limitation, agreement, or trust is imposed, made or conferred
in and by the order, judgment, decree, will, contract, deed, conveyance, or other
written instrument, as to the particular manner, or the particular class or kinds
of securities, funds, or property, whether real or personal, in which the moneys must
be invested, the corporation shall follow and carry out such order, judgment, decree,
contract, deed, or other written instrument or instruction, and may not be held liable
or responsible for any loss, damage, or injury which may occur to or be incurred by
any person or beneficiary by reason of its proper performance of such trust, and the
directions or limitations thereof.
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