N.Y. Public Authorities Law § 1232-k: Bonds legal investments for fiduciaries

§ 1232-k. Bonds legal investments for fiduciaries. The bonds of the

authority are hereby made securities in which all public officials and

bodies of the state and all municipalities, 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, investment companies and other

persons carrying on a banking business, and administrators, guardians,

executors, trustees and other fiduciaries and all other persons

whatsoever, who are 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 may be received by all public

officers and bodies of this state and all municipalities for any

purposes for which the deposit of bonds or other obligations of this

state is authorized.