N.Y. Tobacco Settlement Financing Corporation Act § 11: Bonds as legal investments

§ 11. Bonds as legal investments. The bonds of the corporation are

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

state and all municipalities and political 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. The bonds are also hereby made

securities which may be deposited with and may be received by all public

officers and bodies of the state and all municipalities, political

subdivisions and public corporations for any purpose for which the

deposit of bonds or other obligations of the state is now or may

hereafter be authorized.