to 469.913

469.900 to 469.913 , subject to the following exceptions:   (1)  Investment of any part or all of the liquid assets:   (a)  In direct obligation of or obligations unconditionally guaranteed as to principal and interest by the United States; or   (b)  In interest-bearing accounts and time deposits, including time certificates of deposit, in financial institutions to the extent the account or deposits are insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund, shall constitute prudent investments;   (2)  If the conservator determines it appropriate to delegate investment and management functions to an agent as provided in section