N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 620: Bonds and notes as legal investments

§ 620. Bonds and notes as legal investments. The bonds and notes of

the corporation 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 in other obligations of the state, may properly and legally

invest funds, including capital, in their control or belonging to them.