Okla. Stat. tit. 11, § 11-24-111: Legal Investments

Legal Investments. The bonds herein authorized are hereby made

securities in which all public officers and bodies of this state and

all political subdivisions, all insurance companies and

associations, and other persons carrying on an insurance business,

all banks, bankers, trust companies, savings banks and savings

associations, including savings and loan associations, building and

loan associations, investment companies and other persons carrying

on a banking business, all administrators, guardians, executors,

trustees and other fiduciaries and all other persons whatsoever who

are now or may hereafter be authorized to invest in bonds or other

obligations of the state may properly and legally invest funds

including capital in their control or belonging to them. The bonds

are also hereby made securities which may be deposited with and

shall be received by all public officers and bodies of this state

and all political subdivisions for any purpose for which deposit of

bonds or other obligations of this state is now or may hereafter be

authorized.