N.Y. Public Authorities Law § 1599-m: Bonds legal investments for public officers and fiduciaries

* § 1599-m. Bonds legal investments for public officers and

fiduciaries. The bonds are hereby made securities in which all public

officers, and bodies of this state and all municipalities and municipal

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 municipalities and municipal subdivisions for any purpose for

which the deposit of bonds or other obligations of this state is now or

may hereafter be authorized.

* NB Authority ceased to exist 12/31/99

* NB There are 4 § 1599-m's