Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Section 3 of chapter 167G of the General Laws, as appearing in the 1986 Official Edition, is hereby amended by inserting after subsection 10 the following subsection:-
10A. Any association or corporation authorized to do a banking business and to exercise trust powers in the commonwealth may invest funds which it holds in a fiduciary capacity in any collective investment fund or common trust fund established by any affiliate of such association or corporation as defined in subsection (e) of section one of chapter one hundred and sixty-seven A; and any such association or corporation may invest in any collective investment fund or common trust fund established by it pursuant to the provisions of this chapter or chapter two hundred and three A funds held by any such affiliate in a fiduciary capacity; provided, however, that any such investment is not prohibited by the instrument, judgment, decree or order creating such fiduciary relationship.