N.Y. Public Authorities Law § 2046-m: Bonds and notes as legal investments

§ 2046-m. Bonds and notes as legal investments. The bonds and notes

are hereby made securities in which all public officers and bodies of

this 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, building and loan associations,

investment companies, trusts, estates, or guardianships under the

control of individual administrators, guardians, executors, trustees and

other individual fiduciaries, and other persons carrying on a banking

business, and all other persons whatsoever, who are now or may hereafter

be authorized to invest in bonds or notes or other obligations of the

state, may properly and legally invest funds including capital in their

control or belonging to them. The bonds or notes 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 purpose

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

state is now or may hereafter be authorized.